![]() Over 1 billion stories are posted daily across Meta platforms: Facebook, Instagram, and WhatsApp.This ranks Facebook as the largest social media platform. Its net income for the quarter ending March 31, 2022, was $7.465 billion.Facebook’s net income for the twelve months ending March 31, 2022, was $37.338 billion.By comparison, in 2012, Facebook made $5.08 billion. Last year, Facebook earned $117 billion, which constituted a 36% increase from 2020. Facebook’s annual revenue grew by 2,203% over ten years.More than 77% of Internet users, about 3.59 billion people, are active on at least one Meta platform.Continue reading to learn how and by what margin Facebook outmatches its social media rivals. With its advertising opportunities for small businesses and strong mobile trends, Facebook is unlikely to lose its popularity even when it makes significant budget cuts and freezes hiring, as it intends to do in 2023. With people addicted to communicating on social media, there must be solid reasons why they give preference to Facebook. Instagram had 1.440 billion people posting or viewing pictures in July, while TikTok ranked the sixth most-used social platform thanks to its 1.023 billion video lovers. YouTube attracted 2.476 billion viewers in July 2022, whereas WhatsApp came third, with 2 billion users. Indeed, although more than 4.70 billion people worldwide are on some kind of social platform, most of them flock to Facebook. In July 2022, Facebook boasted 2.936 billion monthly active users and thus beat other social media platforms hands down. As social media channels gained momentum in the twenty-first century, Meta, widely known as Facebook, quickly gained popularity, eclipsing its older competitors, Twitter and LinkedIn. No other social channel contributed more to revolutionizing the way we interact with one another than Facebook ( META). With the advent of social media, however, we have learned to feel free to address anyone out there who might be listening to us on a social networking website. Only a few decades ago, joining in a dialogue with an unknown person was judged indecorous. Despite this lack of familiarity, we can engage in meaningful conversations with strangers and openly discuss any topic under the sun. ![]() We can now reach millions of people with a click of a button without knowing them or being geographically close to them. Social media has changed our interactions with one another.
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