Facebook usage and revenue soared during pandemic

Facebook usage and revenue soared during pandemic

American technology company Facebook ended 2020 on a high note.

Its fourth-quarter earnings reached more than twenty-eight million dollars thanks to the skyrocketing screen time in the past year.

According to The Verge, Facebook is up all around, with more than 1.84 billion people using its main social network at least once a day in December 2020, which is an eleven per cent year-over-year increase.

As of December 31, 2020, more than 2.8 billion people check Facebook at least once a month, which is a twelve per cent jump from the year before.

Measuring the usage of its bundled family of applications which includes Facebook Messenger, Instagram, and WhatsApp, a metric the company refers to as "family active people," the numbers are even better.

More than 2.6 billion people check at least one of Facebook's apps every day, while more than 3.3 billion people check one of the apps once a month.