A quarter of the world's population is on Facebook, increasing craze even after controversies - Newztezz - Latest News Today, Breaking News, Top News Headlines, Latest Sports News

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Thursday, February 2, 2023

A quarter of the world's population is on Facebook, increasing craze even after controversies

Facebook Users in World: Facebook users are increasing all over the world. In December 2022, an average of two billion people have used this social media platform. This is one fourth of the entire population of the world.

Facebook Daily Active Users: There is news of relief for Facebook which has been facing difficulties for a long time . The number of users of Facebook, one of the world's largest social media platforms, has increased. In December 2022, a quarter of the world's population has used this platform. Recently the company was struggling with losses. Getting ads on the platform had also reduced and the cost was also increasing. To deal with this, 11,000 employees were also retrenched in Meta. In such a situation, Meta has got new hope due to the increase in the number of users

The company has faced financial difficulties due to increase in cost and non-availability of advertisements. At the same time, its shares also saw a decline. However, the company focused on reducing costs. The result of this is that on an average two billion users are using Facebook. Let us tell you that the company has incurred loss for the first time last year.

Shares jump due to Zuckerberg's announcement

Meta CEO Mark Zuckerberg has declared 2023 as the 'Year of Efficiency'. Within hours of this, the shares of the company have jumped by 15 per cent. He said that he is focusing on making cuts. In 2022, the company faced a decline in earnings for the first time. On this, Zuckerberg said that now we are in a different environment.

11 thousand people got jobs

Meta, the company that owns social media platforms like WhatsApp and Instagram, has also reduced its workforce last year. By firing 11,000 people, the company has reduced the staff by about 13 percent. Zuckerberg said that last year it was causing a loss of $ 4.6 billion (about Rs 37,635 crore), due to which its profit was halved.

Users increased in December

Due to the steps taken by the company, the earnings for the three months till December were $ 32.2 (about Rs 2,63,545 crore), which was 4 percent less than the previous year. However, the company's performance has been better than the experts' estimates. This happened for the first time last year when the number of daily active users fell on Facebook. However, in December 2022, there has been a jump of 4 percent in the number of its daily active users.

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