BUSINESS

Social Media Giant Facebook Hits 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 the first quarter of this year while the number of people using FB 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,” FB added. On an call with investors following the company’s first-quarter earnings report, FB CEO Mark Zuckerberg revealed that 500 million use FB  Stories every day, The Verge reported on Wednesday. Facebook Stories hit 300 million daily user milestone back in September (IANS)

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