Business A.M
No Result
View All Result
Thursday, February 12, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Africa Nigeria

More than two billion active users now subscribe to Facebook monthly

by Chris
June 28, 2017
in Nigeria

Facebook now has more than two billion monthly active users, the social network has revealed.

The figure, cementing the site’s place as one of the most popular web services in the world, comes just 13 years after the platform was created in the Harvard University dormitory of co-founder Mark Zuckerberg.

Zuckerberg posted: “As of this morning, the Facebook community is now officially 2 billion people! We’re making progress connecting the world, and now let’s bring the world closer together. It’s an honour to be on this journey with you.”

The site, which was initially open only to university students at some schools in the US, reached one million users ten months after its launch by Zuckerberg and co-founders Dustin Moskovitz, Chris Hughes and Eduardo Saverin.

By the end of 2016, Facebook had just over 1.86 billion monthly active users, more than a billion of which accessed the site every day.

As well as surpassing the two billion marker, the site has also grown to spawn several other apps and services, including Facebook Messenger, which itself boasts more than a billion active users.

The company has also been involved in some of the biggest tech acquisitions of recent years, having bought photo app Instagram for one billion dollars (£784m) in 2012 and both WhatsApp Messenger and virtual reality firm Oculus in 2014 for 19 billion (£14.8bn) and two billion dollars (£1.5bn) respectively.

Facebook bought Instagram for one billion dollars in 2012

The company also launched onto the US stock market in 2012 and has begun the development of solar-powered drones that can be used to broadcast internet signal to remote parts of the world.

However, the social network is today battling issues surrounding the size of its platform, with heavy recent criticism directed at the site over its promotion of fake news stories and an alleged inability to block extreme, violent and illegal content, something the site itself has admitted it “needs to do better” at following a series of high-profile incidents.

The most recent involved a man in the US posting a video of himself to the site shooting and killing an elderly man.


Courtesy Newsrep

Previous Post

Commodities summary: June 27

Next Post

Kolawole Aluko foreclosed $50.9m Billionaires’ Row penthouse 

Next Post

Kolawole Aluko foreclosed $50.9m Billionaires' Row penthouse 

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

February 10, 2026
inDrive turns to advertising revenues as ride-hailing economics push platforms toward diversification

inDrive turns to advertising revenues as ride-hailing economics push platforms toward diversification

February 10, 2026
Egbin Power targets youth employability with tech skills initiative

Egbin Power targets youth employability with tech skills initiative

February 10, 2026

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

JOHN ONYEUKWU

When applause travels faster than hunger

February 12, 2026
OLUSOJI ADEYEMO

Digital workers automating SME hustle without killing jobs

February 12, 2026

Virtual playground, real perils: A parent’s guide to Roblox and the Metaverse

February 12, 2026
EKELEM AIRHIHEN

Transforming African aviation with biometric trends in 2026

February 12, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

    0 shares
    Share 0 Tweet 0
  • inDrive turns to advertising revenues as ride-hailing economics push platforms toward diversification

    0 shares
    Share 0 Tweet 0
  • Egbin Power targets youth employability with tech skills initiative

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

JOHN ONYEUKWU

When applause travels faster than hunger

February 12, 2026
OLUSOJI ADEYEMO

Digital workers automating SME hustle without killing jobs

February 12, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M