#Trade12 Review Blog

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Trade12 Review Blog - What is Forex and What You Should Know About It

Trade12 Review

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Trade12 Broker

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Facebook Hits 2 Billion Users

Facebook has announced that it now has over 2 billion monthly active users, meaning more than 25 percent of the entire world’s population uses Facebook every month as the social media giant hit another milestone after hitting the one billion mark five years ago.

Two billion makes Facebook the largest social application in terms of logged-in users, above YouTube’s 1.5 billion, WeChat’s 889 million, Twitter’s 328 million and Snapchat’s estimated 255. Beyond YouTube, only Facebook’s other apps have more than 1 billion, including WhatsApp and Facebook Messenger, with 1.2 billion each. Instagram might soon join that club as it recently rocketed past 700 million.

"As of this morning, the Facebook community is now officially 2 billion people!" co-founder and chief executive Mark Zuckerberg wrote in a post on his Facebook page marking the milestone.

"We're making progress connecting the world, and now let's bring the world closer together," he wrote. "It's an honor to be on this journey with you."

Facebook’s growth in the last half decade has been fueled by the developing world. The company has relentlessly optimized its app for cheap Android smartphones and low-bandwidth connections. It has added 746 million users in Asia and the Rest of World region since hitting 1 billion users total. Meanwhile, it only added 41 million in the U.S. and Canada.

Naomi Gleit, a vice president at the Internet giant, credited millions of small communities at Facebook for helping drive growth.

More than a billion people take part in "groups" on Facebook each month and more than 800 million people "like" something on the social network on an average day, she added.

Meanwhile, the social network announced that it deleted about 66,000 posts a week in the last two months in an effort to crack down on what it deems to be hate speech. 

The company said in a blog post that deleting posts can "feel like censorship", but that it is working on explaining its process better and improving its enforcement of hate speech. Facebook defines hate speech as attacks on people based on their race, sexual orientation and other "protected characteristics".

As part of that effort, Facebook says it plans to hire an additional 3,000 people in the next year to review posts. That is on top of the 4,500 people it currently has reviewing posts. 

Shares of Facebook were barely down 0.04% last Friday session, to $150.98. It opened at $151.90, with a session high of $151.92 and a session low of $150.06. The stock currently has a market capitalization of $437.39 billion, with a price-earnings ratio of 37.82.

Want to become an investor/trader in the stock market? Fill yourself in on marketing news by subscribing to Trade12. We encourage traders to know more about the latest information about forex, stock markets, commodities, and economies.

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