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Saturday 7 November 2015

Facebook Now Averages Over One Billion Users A Day

Facebook now averages 1.1 billion users a day, according quarterly results announced on Wednesday, which also revealed the company made more money on mobile advertising alone than the whole business took in during the same period last year.

When its flagship product hit the billion-user milestone on 24 August, the company took a victory lap; now that appears to be slightly below the norm.
The tech behemoth’s other platforms are expanding, as well: founder and chief executive Mark Zuckerberg said Instagram has topped 400 million monthly active users, and that WhatsApp has passed the 900 million mark “and continues to be on a path to reach a billion users and beyond”.
The mobile ad world is growing by leaps and bounds – so quickly, in fact, that analytics firm eMarketer predicts that Facebook’s global market share will actually shrink from 38.4% to 33.7% even as its revenues increase dramatically.
Zuckerberg was guarded on virtual reality, saying that Facebook was “committed to Oculus and virtual reality for the long term”, but adding that he expected it to take a while before the company reaped the full benefits of its $2bn investment in Oculus Rift last year 
culled the guardian

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