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Facebook now has 2.38 billion users

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SAN FRANCISCO:

Social media giant Facebook’s monthly active users (MAUs) grew 8 per cent year-over-year MAUs to reach 2.38 billion at the end of first quarter of this year while the number of people using Facebook Stories hit 500 million every day.

The platform saw the same rate of growth in daily active users, Facebook said in its earnings statement late Wednesday.

“Daily active users (DAUs) – DAUs were 1.56 billion on average for March 2019, an increase of 8 per cent year-over-year,” the statement added.

“In addition, we estimate that more than 2.1 billion people now use Facebook, Instagram, WhatsApp or Messenger (our “Family” of services) every day on average, and around 2.7 billion people use at least one of our Family of services each month,” Facebook added.

On an call with investors following the company’s first-quarter earnings report, Facebook CEO Mark Zuckerberg revealed that 500 million use Facebook Stories every day, The Verge reported on Wednesday.

Facebook Stories hit 300 million daily user milestone back in September, said the report.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Source: Livemint