A recent report on the Daily Mail website disclosed that about 100,000 Britons are believed to have deactivated their accounts in May this year.
According to figures obtained by the MailOnline, there was a drop from 155.2 million to 149.4 million users throughout that month in the U.S. And in Canada, the figure saw a fall of about 1.5 million while in Russia and Norway the numbers also dropped by more than 100,000 users.
Could these figures suggest that a Facebook saturation is in process and there could be a "natural limit" to its growth? Some speculations on blogs have also suggested that the world's No 1 social network could one day 'sputter into oblivion'. A case in point is the mighty fall of rival MySpace.
Privacy issues have been one of the bugbears of Facebook that saw users opting out and, perhaps, many more are getting bored using the website.
According to Internet psychologist Graham Jones as reported by MailOnline, Facebook users would suffer the same kind of 'fatigue' that comes whenever men and women get bored once the "novelty wears off".
"In all aspects of our lives we are addicted to novelty, so Facebook should be the same," Jones was quoted as saying by the MailOnline.
Eric Eldon of the website Inside Facebook pointed out: "‘By the time Facebook reaches around 50 per cent of the total population in a given country, growth generally slows to a halt."
Started in 2004 by Mark Zuckerberg in his bedroom at Harvard University, Facebook has travelled a remarkable journey to become the largest social networking site in the world, making the 27-year-old the world's 52nd richest man with a personal fortune of US$13.4 billion.
There's bound to be some truth in dropouts in some regions but it's not all bad news for Facebook which is reportedly still expanding globally with strong growth in countries such as Brazil and Mexico.
As for yours truly, I have a Facebook account for the last three years but I hardly use it to spread my social networking wings. Maybe I'm not much of a social butterfly. If you ask me, I use Twitter more often than Facebook.
And what about you?
Now, according to the latest social networking news, Twitter has begun to outpace Facebook. Is that something to be taken with a pinch of salt or could it be a sign of change?
Reportedly, Facebook lost six million users in the last month and Twitter appears to be the new generation in social networking.
How the race for glory is going to pan out still remains to be seen. - Markk
Is MySpace looking like a lame duck?
Tweet, tweet, do you speak twitterese?
First Facebook office in Asia