Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Facebook Has Reached 2 Billion Monthly Active Users

Published 06/27/2017, 04:55 AM
Updated 07/09/2023, 06:31 AM

On Tuesday, Mark Zuckerberg, CEO of social media giant Facebook (NASDAQ:FB) , announced that the company has crossed 2 billion monthly active users (MAUs), up from its 1.94 billion users Facebook reported in its most recent earnings report in May.

Putting this into perspective, there’s about 7.34 billion people living on Earth, and a large chunk of us—inching closer to a third of the total population—are scrolling through a Facebook newsfeed. It’s also been less than five years since Facebook hit 1 billion MAUs.

This achievement makes Facebook the biggest social platform in terms of logged-in users. Alphabet’s (NASDAQ:GOOGL) YouTube has 1.5 billion users, Tencent’s (OTC:TCEHY) WeChat has 889 million, while Twitter (NYSE:TWTR) and Snap's (NYSE:SNAP) Snapchat have about 328 million and 255 million users, respectively. And then there’s all of Facebook’s other apps; WhatsApp and Facebook Messenger boast roughly 1.2 billion users each, while Instagram has skyrocketed recently, with over 700 million users.

TechCrunch notes that the majority of Facebook’s growth these last five years in particular were driven by countries in the developing world. It has “relentlessly optimized its app for cheap Android smartphones and low-bandwidth connections,” which helped them add upwards of 746 million users in Asia and the Rest of World Region since hitting that 1 billion user mark.

“Each day, more than 175 million people share a Love reaction, and on average, over 800 million people like something on Facebook,” product manager Guillermo Spiller said in a press release. “More than 1 billion people use Groups every month.”

To celebrate this milestone, Facebook has launched a new personalized video feature to “show appreciation”; these videos also reflect the company’s newly updated mission statement, which is to “Give people the power to build community and bring the world closer together.” Called Good Adds Up, you can check out your custom video either in your News Feed or by visiting facebook.com/goodaddsup.

Facebook will also be displaying thank you messages whenever users “heart” another friend’s post, create a new group, or wish someone a happy birthday, actions the company sees as key to community building.

Sell These Stocks. Now.

Just released: today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500. See today's Zacks "Strong Sells" absolutely free >>



Facebook, Inc. (FB): Free Stock Analysis Report

Tencent Holding Ltd. (TCEHY): Free Stock Analysis Report

Alphabet Inc. (GOOGL): Free Stock Analysis Report

Twitter, Inc. (TWTR): Free Stock Analysis Report

Snap Inc. (SNAP): Free Stock Analysis Report

Original post

Zacks Investment Research

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.