Facebook Unveils Eastern Expansion Plans

Facebook is planning to further expand its presence in the eastern markets as its overall growth begins to falter.

The social networking giant is looking to countries like China, Russia, Japan and South Korea for the next phase of expansion.

Facebook CEO Mark Zuckerberg admitted that although the platform was growing at a massive rate, its weekly growth rate had fallen significantly.

He said: "We saw our exponential growth rate continue for a very long period of time, and it still does at a super-linear rate, though not quite 3 per cent a week any more"

Zuckerberg added: “Now for the first time we are focused on doing some specific things in specific countries.”

Currently the platform has just over 500 million users world wide.

The company believes that through its eastern expansion plans, it won't be long before the company becomes the first social networking platform to connect a billion people world wide.