Facebook has two billion users monthly

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Facebook‘s profits have risen in the first three months of the year, when social networking sites closed with over two billion users, according to its latest results.

The number of Facebook users per month increased to 1.94 billion, of which nearly 1.3 billion were used daily, the company said.

US tech giant reported Q1 earnings of more than $ 3 billion (£ 2.4 billion), up 76% from the previous year.

However, it warns that ad revenue growth will slow.

The company is also under pressure in recent weeks on how to handle hate speech, child abuse, and self-harm on social networks.

On Wednesday, Facebook chief Mark Zuckerberg announced that they had hired an additional 3,000 people to censor content on the site.

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A quarter of the world’s population now uses Facebook every month, with most new users coming from outside Europe and North America.

Speaking after the results, Zuckerberg said that the size of their user base gave Facebook an opportunity to expand the role of the site, switch to television, healthcare and politics.

He said, “With that foundation, our next focus will be on building communities.” There is so much to do there. “

Ad slowdown

The company increased its ad revenue, accounting for almost all of Facebook’s revenue, to 51 percent to $ 7.9 billion during this period.

However, chief financial officer David Wehner said that ad revenue growth will decline significantly compared to 2017.

He echoed the earlier warning that Facebook had reached the limit on the number of ads they could squeeze into user pages.

Martin Garner, CCS Insight analyst, said: “At the moment, it’s clear that Facebook’s results last year showed online ad growth as Facebook warned.

Garner said the company needs to start showing that it can make more money from other products, including Video, Instagram, Whatsapp, Messenger and virtual reality.

                                                                                                             By: Anna Lee