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The Los Angeles Times reports that Facebook may be losing its cool as it becomes more associated with moms than their kids.

According to the story, "With more than 900 million users, Facebook remains the most popular online hangout. But some young people are turning their attention elsewhere. They are checking out new mobile apps, hanging out on Tumblr and Twitter, and sending plain-old text messages from their phones. Their goal is to hook up with smaller circles of friends and share their thoughts and feelings away from the prying eyes of Mom and Dad.

"It's a very grown-up challenge for Facebook, which needs kids to continue to dominate social networking."

The story goes on to say that "8 of 10 teens who are online use social networking sites — and more than 93% of those users have a Facebook account, according to the Pew Internet & American Life Project. Millions more kids under the legal Facebook age of 13 fib about their age to use the service.

"Still, older people are the ones driving much of Facebook's growth. Users age 50 to 64 made up nearly a quarter of Facebook's audience in March, according to research firm Nielsen. The only social network with a higher percentage of older users was professional networking service LinkedIn."

And, the story says, "A recent study from Nielsen found that nearly 3 of 4 U.S. mothers who went online from a home computer visited Facebook in March. Only 8.3% visited Tumblr, and 14% visited Twitter."
KC's View:
Staying innovative and relevant may be a harder problem for Facebook than overcoming all the problems related to its IPO. That's all Wall Street stuff ... where the company's real value is determined is in the hearts and minds of its users.