Plus 12 emerging styling trends that will dominate Instagram in 2018.
Regardless of the ongoing inquiry into Russia’s interference with the US election, Facebook has still managed to post an incredible US$4.7 billion profit for Q3. In the earnings announcement today, Facebook’s profitability climbed 79% year-over-year, and continues its streak of beating estimates. As for users counts, Facebook now has 2.06 billion monthly active users, up 3.19% compared to last quarter’s 2.006 billion and 3.4% growth rate. Daily active users reached 1.37 billion, up 3.8% quarter-over-quarter.
Read all of the latest earnings and user stats here.
As part of his Q3 earnings call, Facebook CEO Mark Zuckerberg announced Instagram Stories and WhatsApp Status both now have 300 million daily active users. That makes the copies almost twice the size of the original, as Snapchat’s entire app only has 173 million daily active users. Zuckerberg said that he sees fostering community around video as a big push for Facebook – and it’s sister companies – as it shifts from focusing on “time spent” on the company’s family of apps to “time well spent”. Which sits perfectly with the goal of Instagram Stories.
Read more about Instagram Stories user numbers here.
Read more about this story here.
JADEN JAM: We shouldn’t laugh, but Harry Styles tripped on a kiwi a fan threw onstage while he sung his song of the same name and it’s pretty hilarious.