The lockdown is driving people to Facebook
The quarantine lockdown is driving a record number of users to Facebook’s products. On a conference call, CEO Mark Zuckerberg disclosed a number of new metrics highlighting a significant bump in Facebook usage during the broader quarantine lockdown.
In the past month, more than 3 billion internet users logged onto a Facebook service, including its central app, Instagram, Messenger or WhatsApp, Zuckerberg disclosed. This number constitutes roughly two-thirds of the world’s total internet users. This was a record for the platform, which reported average monthly active users of 2.60 billion in Q1.
The company’s communications tools saw major surges in the past several weeks, with Zuckerberg also disclosing more granular metrics that voice and video calling usage had doubled, views on Facebook and Instagram Live videos had doubled and the amount of time on group video calling had surged 1,000% in recent weeks.
The company predicted that usage would settle down once shelter-in-place was discontinued, though Zuckerberg highlighted opportunities Facebook could realize during the lockdown. “When the world changes quickly, people have new needs and that means that there are more things to build,” he said.
Facebook reported its Q1 earnings Wednesday, sharing they had earned revenues of $17.74 billion during the quarter. While the company shared that usage of certain services had surged, they also disclosed that the company had seen a “significant reduction” in the demand for ads at the end of the quarter, sharing that they had seen flat year-over-year growth in the first few weeks of April.
The quarantine lockdown is driving a record number of users to Facebook’s products. On a conference call, CEO Mark Zuckerberg disclosed a number of new metrics highlighting a significant bump in Facebook usage during the broader quarantine lockdown. In the past month, more than 3 billion internet users logged onto…
Recent Posts
- This pink Nvidia RTX 4060 GPU features adorable cats and pugs, oh my!
- Peacock may increase the cost of its monthly and annual plans again
- Is your MSI Claw struggling with performance issues? Download the latest GPU and BIOS update ASAP
- Quordle today – hints and answers for Wednesday, May 1 (game #828)
- NYT Strands today — hints, answers and spangram for Wednesday, May 1 (game #59)
Archives
- May 2024
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- December 2011