Feb 1, 2023

Facebook: Quarter of global population used site daily in December

The number of people using Facebook daily grew to an average of two billion in December - about a quarter of the world's population. Shares in parent company Meta surged more than 15% in after-hours trade as boss Mark Zuckerberg declared 2023 the "Year of efficiency". The firm said those moves cost it $4.6bn last year - hitting its profits, which were almost cut in half. Meta had alarmed investors last year when it posted the first ever decline in daily Facebook users in its history and signalled it was focusing investments on virtual reality, known as the metaverse. The number of users on the site daily was up 4% from a year earlier, adding users even in Europe and the US and Canada.

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