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FB now used by half of the world’s online population

July 31, 2024EconomyOmkar Sawant

Facebook has claimed that the number of people who use the social networking site at least once in a month grew 13% to 1.49 billion in the three months to the end of June this year.

Facebook

The number is equal to half of the estimated three billion people who use the internet globally. Facebook said of those users, about 65%, were now accessing the site daily.

People were now spending more than one out of every five minutes on their smartphones on Facebook, the company claimed, adding that, majority of the monthly users now access the social network through mobile. The rise helped drive second quarter revenue up by 39% year-on-year to USD 4.04 billion, the report said.

Mobile advertising revenue was the biggest factor, accounting for more than three quarters of the total.

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