About 1.62 billion people use Facebook every day, while everyday users, along with their Facebook-related platforms (Messenger, Instagram, WhatsApp), have reached 2.2 billion.
Monthly users – who do the same thing at least once a month on one of Facebook’s four “family” networks – have reached 2.8 billion, well over half the world’s population aged 15 to 65 (which they are). about five billion).
Profits of $ 17.7 billion
The largest social networking company had revenue of $ 17.7 billion in the third quarter of 2019 (an increase of 29% over the corresponding quarter of 2018) and earned $ 6.1 billion (an increase of 19%), according to Reuters. and the New York Times.
This is the third consecutive quarter with both upward economic results (above expectations of Wall Street analysts) and a small increase in user demand in all key markets, including the US and Europe.
As a result, Facebook’s stock has risen sharply in the US stock market.
Facebook is enduring despite the criticism
It seems that despite the criticism it receives from governments and citizens, Facebook is enduring and growing. This goes unnoticed by advertisers and advertisers, who continue to buy viewing through the network.
Facebook is the second largest seller of online advertising in the world.
Although Twitter has announced it will ban political ads, Facebook CEO Mark Zuckerberg has made it clear that Facebook will not follow the same path as it does not want to limit political dialogue. “From a business point of view, it might be easier for us to choose a different path than what we have taken.
But in a democracy, I don’t think it’s right for private companies to censor politicians or the news, “he said.
Zuckerberg shares his position on Twitter
Zuckerberg denied that through this policy Facebook supports a particular political party or that this policy is followed only for reasons of speculative expediency.
Political ads are estimated to contribute less than 0.5% of the network’s total revenue in 2020.
However, pressure on Facebook is expected to increase.
It is indicative of the climate that the main contender for the Democratic anointing in the next US presidential election, Senator Elizabeth Warren, has stated that Facebook – which employs more than 43,000 people – is now too big and should be split into smaller companies.
Source: RES-EIA
