When people think of Facebook as a company, they mostly think of it synonymously with Facebook, the social network. However, Facebook Inc. is much more than that, as this chart nicely illustrates. With WhatsApp, Instagram, and the namesake Facebook and Messenger, the company owns four of the world’s largest social media / messaging services. Facebook alone reaches more than 2 billion people per month, and both WhatsApp and Messenger also passed the billion-user milestone recently. Tencent, the Chinese company behind WeChat and Qzone might also boast a billion users in total but still doesn’t come close to Facebook’s global footprint.
What all of the services mentioned below have in common is their immense attractiveness to advertisers. Not only do they all boast hundreds of millions of users, but they also can target specific groups based on likes, dislikes and past behavior. That is why social media advertising has grown immensely over the past few years. In the U.S. alone, social media ad revenue is expected to reach $17.8 billion this year, with more growth to come in 2018 and beyond. For more information on social media advertising and digital marketing, contact us here at Lucé Media.
Facebook now has more than 2 billion monthly active users.
It is hard to fathom what this number means, but let’s put it this way: what started in a Harvard dorm room in 2004 is now used by more than 1 in 4 people on planet earth. Considering that the company behind it all also owns Instagram and WhatsApp, two other immensely popular social media/messaging platforms, it is no surprise that Facebook is now one of the most valuable companies in the world. So take a look at the incredible, rapid growth of Facebook.