Interesting facts about Facebook

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Facebook

Facebook is the wide-reaching social media platform in the world.

But just because more than 90% of its daily active users are from outside North America doesn’t imply it isn’t popular in America.

 

Seven out of 10 adults in the United States use Facebook, and more than half of them check it many times every day, uploading text, photographs, videos, and GIFs for other users to comment on, share, and react to.

Quick shot

  • Head office: Menlo Park, California, USA
  • Establish: 2004
  • Monthly Active Users: 2.74 Billion

 

Who owns Facebook?

Mark Zuckerberg has a new job for the first time in 17 years. He was named the new CEO and chairman of Meta, Facebook’s new parent company, on Thursday.  To Merge Facebook’s position as a leader in the metaverse, which Zuckerberg envisions as the internet’s future.

Who is the inventor of Facebook?

 

Mark Zuckerberg is best known as the co-founder and CEO of Facebook, the world’s largest social networking website. He started the service with four other Harvard students in 2004 while still a student there.

Why did Facebook change its name to meta?

The company’s increasing aspirations beyond social media are reflected in the new name. Facebook’s new name, Meta, is based on the sci-fi phrase metaverse, and it describes the company’s ambition for working and playing in a virtual world.

In India, how many active users are there?

As of October 2021, India has the largest Facebook audience, with around 350 million members, followed by the United States, which had an estimated 193 million users. With well over 100 million users in both countries, the platform has a huge following in Indonesia and Brazil.

Number of daily active users worldwide 2011-2021

The size of the Facebook audience

The number of daily active users on Facebook reached 1.93 billion in the fourth quarter of 2021.A little decrease from the previous quarter. By the fourth quarter of 2020, the platform has gained roughly 84 million users when compared to the number of daily active users. By the end of 2021, there were 2.9 billion monthly active users. In 2021, Facebook had a penetration rate of 70.59 percent in the United States, up from 67.4 percent in 2020. By 2026, the social network’s audience is expected to reach 76.84 million people.

Countries with the most Facebook users in 2021

What is the most popular county on Facebook?

India has approximately 350 million Facebook members, making it the most popular country on the social media platform. To put this in perspective, if India’s Facebook audience were a country, it would rank third in the world in terms of population. Apart from India, numerous other markets have more than 100 million Facebook users: the United States, Indonesia, and Brazil each have 200 million, 140 million, and 130 million Facebook users.

 

How Does Facebook Make Money?

Even though it has over two billion users, Facebook does not make any money from the content or directly from its user base.

Instead, it makes billions through digital advertising, because it offers something that businesses want: access to billions of individuals all over the world who might buy their goods or services. Indeed, so many businesses advertise on Facebook that the company made $39.9 billion in advertising income in 2017. Overall, advertising accounts for about 85% of the company’s revenue.

 

What types of advertisements does Facebook use to generate revenue? Here’s a rundown:

  1. Advertising that is self-serve

Self-serve advertising is popular on Facebook because it allows anyone to create and post an ad. Self-serve adverts appear on Facebook pages for individuals, groups, user profiles, events, and third-party pages on the right side (or “sidebar”). The Ad Manager feature on Facebook assists advertisers in creating their own advertising by providing granular targeting options to ensure that the ad reaches the appropriate demographic.

  1. Advertisements on Facebook Messenger

Advertisers are increasingly using Facebook’s popular Messenger platform, which allows users to communicate privately on a one-to-one basis, to spread the word about their products and services. Messenger has a massive user base, with two billion user interactions in the fourth quarter of 2017. With the purchase of WhatsApp, a popular mobile messaging service, in 2014, Facebook hopes to extend its usage of messaging marketing.

  1. Ads in video

Facebook Live has traditionally prospered as a digital service that lets Facebook users communicate via video, allowing grandparents to check in with their grandkids hundreds of miles away or old college classmates to reunite online to share stories from their days on campus. Facebook is increasingly seeing video as a viable way to connect advertisers with Facebook users via Facebook Live. Facebook Live broadcasts are on the rise, and the company is cashing in by making video ads on its distinctive streaming platform mainstream.

 

  1. Facebook on the Go

In 2016, Facebook’s core mobile app accounted for 83 percent of all ad income, making it the company’s most profitable digital product. Expect Facebook mobile to shoulder the income burden while the company explores new advertising platforms. Mobile advertising is growing at a double-digit annual growth rate for the corporation.

  1. Data Collection

Ads are believed to account for 85 percent of Facebook’s total revenue, but they aren’t the sole source of cash for the social media platform.

 

Facebook’s data generating revenue is also a cash cow, though the recent Cambridge Analytica scandal, which involved a data breach that could have exposed 87 million users to hackers and data thieves, may have slowed Facebook’s data generation revenue.

 

While exact figures are difficult to come by, it’s estimated that each of Facebook’s North American users earns $84 and each of its European users earns $27. Advertising accounts for over 81 percent of revenue in the US and Canada (up from 12 percent in 2012), leaving only about 3 percent for user-based data collection and direct business payments

What You Need to Know About Facebook’s Profits

Facebook users should be aware that the site’s 2.2 billion users are directly responsible for the company’s revenues. However, there are a few things that Facebook users should be aware of about their experience on the site:

 

 

 

There will be no sale of your information. That’s not to imply Facebook profits from the sale of your personal information; it doesn’t. Facebook does not want to enter into the business of selling user data since it would reduce the value of those 2.2 billion dollars to advertisers.

 

Without your permission, you cannot share data with any business on Facebook. Companies can only access your data on Facebook if you give them permission, such as when you authorize Uber or Lyft to use your data.

So you’re curious about the information Facebook holds on you? Facebook users can see what personal information Facebook has on them. Locate the “General” tab on the Facebook “Settings” page. That will take you to a link called “Download a copy of your Facebook data,” where you can examine what information Facebook is storing in your name.

You may also utilize the Facebook Settings page to discover what personal preferences Facebook is sharing with advertisers by clicking on “Ads.” You can use that page to manage any personal information or interests on Facebook that you don’t want advertising to see.

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