Facebook nears the 2 billion users mark

The number of people using Facebook each month increased to 1.94 billion, of which nearly 1.3 billion use it daily, the company has announced.
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This is yet another huge landmark for Facebook as they continue to reach new audiences around the world. The 1 billion users landmark came back in 2012 and the social media giant has managed to continue that growth over the past 5 years despite huge competition from other social networks.
Facebook have also reported profits of just over $3bn (£2.4bn) in the first quarter, a 76% rise year-on-year. However, it warned that growth in ad revenues would slow down as usage by advertisers starts to saturate.
Sources: Stats / Facebook

Written by Oli Yeates


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