New Delhi, July 14, 2017: Facebook on Friday said India, with 201 million active users, continues to be its second largest user base after the US that has 214 million active users.
Facebook users in India, “India has 201 million active users and retains the second place after the US,” a Facebook spokesperson told IANS on Friday.
Earlier this year, when Facebook announced its earnings for the fourth quarter and full year 2016, it showed a steady growth in its revenue and user base.
Facebook reported $8.8 billion in revenue, $3.56 billion in profit and said more than 1.23 billion people were using the social network every day and that 1.15 billion log in from mobile devices each day.
Facebook earlier announced it now has more than two billion monthly users around the world. (IANS)
Despite the massive Cambridge Analytica data scandal and a couple of users’ privacy issues owing to internal bugs, Facebook stock closed at an all-time record high of $203.23 on Friday.
Investors are loving the social network more than ever that saw its stocks dipping earlier in 2018 when it was under an intense probe over data breach from the US and European governments, Fortune reported.
Investors are also happy at the news that Facebook has grabbed its biggest sports streaming deal yet with the Premier League, reports IANS. The Times reported that Facebook has won exclusive rights to show all 380 live matches in parts of Asia — Thailand, Vietnam, Cambodia and Laos — from 2019 until 2022, in a deal worth about $264 million.
Since going public in 2012, Facebook has seen its stock rise more than 400 per cent. In the latest privacy goof-up, Facebook admitted that over 800,000 users were affected by a bug on its platform and Messenger that unblocked some people the users had blocked. The bug was active between May 29 and June 5 — and while someone who was unblocked could not see content shared with friends, they could have seen things posted to a wider audience, said Facebook.
Facebook has already been grappling with privacy issues like the Cambridge Analytica data scandal involving 87 million users and another bug that changed 14 million users’ privacy setting defaults to public. (IANS)