Popular social network Facebook is set to become the first 2 billion-user company this year, according to a media report which attributed its impressive user growth to promotional data plans from countries like India. Facebook had 1.86 billion monthly active users as of the end of 2016, up from 1.79 billion the previous quarter and 1.59 billion a year earlier, the company said in its fourth quarter earnings report. Massive user growth year on year, and amazingly it's accelerating despite the massive existing scale. It's on track to become the first 2 billion-user company later this year, Dawson was quoted by USA Today. Facebook generated nearly USD 20 from each user in the US and Canada during the quarter, up from USD 13.70 a year earlier as it offers more lucrative video ads.

Source: India Today February 07, 2017 06:03 UTC