Facebook Reaches 1.65 Billion Monthly Users

The social network brought in $5.38 billion in revenue

Facebook has announced more high levels of user growth, surpassing its 2016 estimates for the first quarter. Reaching 1.65 billion monthly users while bringing in 5.38 billion dollars in revenue, the social network has added another 400 million users in the last two years and 60 million in the last quarter. Compared to Twitter, which only managed to attracted 5 million new users this quarter, this has attributed to Facebook’s 3.7% growth. Meanwhile, Mark Zuckerberg’s social network has also added a new class of stock, which allows the public to buy into the company without acquiring voting rights which could weaken Zuckerberg’s control of the company. 

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