Meta has revealed that Instagram now has two billion monthly active users worldwide, closing in on the 2.96 billion who use Facebook. Meta disclosed the number in its third-quarter report on Wednesday. During the quarter, Instagram crossed two billion users, catching up with Meta’s first social media platform Facebook, the company said in a statement. The photo-sharing app announced it had hit one billion monthly users in June 2018. Meta also said that more than two billion people now use its messaging app, WhatsApp, every day. This makes Meta’s total monthly users for its family of apps number 3.71 billion worldwide. Meta released the user figures during an otherwise-dreary earnings report. The company had more than $65 billion wiped off its market value after it reported another quarter of declining revenues. According to Bloomberg, the rise in Instagram’s user numbers are “a sign of the social media giant’s shifting makeup.” Once Meta’s flagship platform, Facebook has struggled to maintain relevancy in recent months — as younger users shift to newer apps like TikTok and BeReal. In August, it was reported that Facebook had been battling to maintain its position as a Top 10 app. Facebook has fallen out of the…
Read More










