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As people around the world are shut in their homes under lockdown, they’re using Facebook more than ever to share news, message their friends, and find entertaining distractions from the dullness of quarantine life.
But that doesn’t mean Facebook, or other social media companies like Twitter and Snap, are making more money.
On Wednesday, in Facebook’s first earnings statement since the pandemic hit, the company shared impressive statistics: Nearly 3 billion people now use at least one of Facebook’s apps (Facebook, Instagram, Messenger, or WhatsApp) each month, an 11 percent increase year over year and the highest it’s ever been. …
The post People are using Facebook more than ever during the coronavirus pandemic — but its business is still taking a hit appeared first on Hour-news.net.