While shares of Facebook are falling following the company’s third-quarter earnings report, let’s take a step back to focus on the big picture. Facebook reported today that it now has 1.17 billion active daily users, up 17% from a year ago.
That’s as many humans as in the United States, the European Union, Brazil, and Russia. Combined. Logging into Facebook every single day.
If you count folks who are a little less active — using the service at least once a month — Facebook has 1.79 billion users, another 620 million folks. That’s Indonesia, Pakistan, Japan, and Canada.
Those numbers don’t include Facebook’s Instagram service, by the way.
With that kind of reach, it’s hard to get caught up over a slowdown in advertising, which Facebook cautioned about on Wednesday afternoon, leading to the stocks’ 7% selloff in after hours trading.
But should we really be worried about a company that has 16% of the entire world’s population using its service every single day — especially when that user base is still growing at a fast clip?
Facebook won’t have to do all that much to solve its latest advertising issues — not with the entire world at its disposal.
We just passed an important milestone. For the first time ever, one billion people used Facebook in a single day.
On Monday, 1 in 7 people on Earth used Facebook to connect with their friends and family.
When we talk about our financials, we use average numbers, but this is different. This was the first time we reached this milestone, and it’s just the beginning of connecting the whole world.
I’m so proud of our community for the progress we’ve made. Our community stands for giving every person a voice, for promoting understanding and for including everyone in the opportunities of our modern world.
A more open and connected world is a better world. It brings stronger relationships with those you love, a stronger economy with more opportunities, and a stronger society that reflects all of our values.
Thank you for being part of our community and for everything you’ve done to help us reach this milestone. I’m looking forward to seeing what we accomplish together. –