Facebook approaching 2Bn Users

Facebook just posted its second quarter earnings for investors & reported 6.44 bn in revenue & 2.05 bn in profit. That’s a 59% increase over the 4.04 bn in revenue during the same period last year. FB has now reached 1.71 bn monthly active users – a 15% increase from last year. It also has more than 1 bn daily active users on mobile which generates 84% of its revenue. At this rate, FB will have 2 bn monthly active users by the end of 2017.

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