Technology content trusted in North America and globally since 1999
7,558 Reviews & Articles | 55,806 News Posts

Facebook edges close to 2 billion monthly users

Facebook should reach 2 billion monthly users this year
By: Anthony Garreffa | Science, Space & Robotics News | Posted: Feb 3, 2017 1:31 am

During their Q4 earnings report, Facebook announced that it is growing its revenue and user base well, with profits also diving into their lap.

 

facebook-edges-close-billion-monthly-users_13

 

Facebook reported $8.8 billion in revenue, with $3.56 billion in profits - with 1.23 billion using Facebook daily, and 1.15 billion logging in with mobile devices per day. Analysts had pegged the social network with $8.51 billion revenue, so Facebook beat that - with revenue growth of 51% year-over-year.

 

At this rate of growth, Facebook should reach 2 billion monthly users in the next few months.

Related Tags

Got an opinion on this news? Post a comment below!
loading