Facebook has released the financial results of the first quarter of this year and, when them, the numbers that prove we’re very much addicted to the Facebook social network.
The number of active daily users on Facebook is 1.56 billion, 8% more than in 2018. On the other hand, there are 2.38 billion active users every month, which is also a 8% increased compared to the previous year.
Overall, 2.7 billion people are using Facebook’s services, which includes Facebook, Facebook Messenger, WhatsApp and Instagram and 2.1 billion are users who use these services every single day.
500 million users are watching and create stories on Facebook or Instagram.
Financially, things are looking up for Facebook: the company’s revenue was $15 billion in the first quarter of this year, which represents a 26% increase compared to the first quarter of 2018. The number of employees also grew by 36% and now there are 37,773 people working for the social network.
What are Mark Zuckerberg’s promises for the future
Mark Zuckerberg says more rules are needed, even if those rules will affect Facebook’s business and revenue. ” I think they are necessary, we have to fix these problems and fixing them is more important” Zuckerberg posted on Facebook. Because of all these problems, Facebook risks getting a $5 billion fine by the FTC.
Zuckerberg also says that in the last 15 years, Facebook and Instagram have become the places where you can connect with the most people at the same time, where you can meet new people and where you can spend time with your friends. He says the services are not just tools, but platforms that can help people interact. This all sounds like a sales pitch, but that’s what Mark was saying.
Zuckerberg recognizes people’s need for privacy and wants to create a “living room” equivalent, precisely a platform where you can interact with your family and close friends.
Zuckerberg also says that this increased trust in Facebook can have a positive impact on the community and also on Facebook, a bigger impact than the negative short term impact on the company’s revenue.
The scandals surrounding Facebook are not over and they pop up every day, regardless if they are about security of user privacy but Facebook goes on and more and more people end up creating accounts on the social network.