And the previous quarter was Facebook's worst quarter ever for user growth at just 1.54%. Last quarter, the company's monthly users grew by just 1.8% to 2.27 billion. In addition, Facebook's user growth has largely stalled.
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Today, it boasts over 2 billion monthly active users. However, the once-revered social media company has seen its reputation tarnished in the past year due to a series of data and privacy issues. Facebook: 4 years, 6 monthsįacebook needed four-and-a-half years to reach 100 million users.
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The struggling company said that the drop-off in usage mainly came from Android users and should stop once the updated Android app comes out. Snap has been promising a new Android app for some time, but there's still no definitive launch date.Ĭheck out the latest Snap earnings call transcript. The company has taken a hit from users flocking to Instagram now that it offers a feature that allows pictures and videos to disappear after a day. In October 2018, Snap said 186 million users logged into its app in the most recent quarter, down from 188 million users in the previous period. The app hit 100 million users in a little over three-and-a-half years. Snap's ( NYSE:SNAP) Snapchat had a strong start as the social media platform that popularized the concept of photos and videos that disappear after 24 hours.
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It's hard to believe what Myspace sold for when you remember that its worth was once thought to be in the billions back around 2007. bought Viant's assets for an undisclosed amount. A few months later, it was sold one last time when Time Inc. for $580 million in 2009 and then to Viant in 2011 for $35 million. If you're wondering what happened to Myspace, it was sold to News Corp. This is especially impressive because it came during a time when people were still warming up to the idea of social media and sharing their lives online. That's faster than Facebook, Twitter, or Snapchat. However, it was once the go-to platform for young people to connect on, racking up 100 million users in three years.
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You might be surprised to hear that Myspace still exists in 2019 and has a group of loyal users. This past June, Instagram hit another milestone: 1 billion monthly users. The photo-sharing platform was launched in late 2010 and quickly scooped up by Facebook ( NASDAQ:FB) in early 2012, about a year before Instagram hit the 100 million mark in early 2013. Instagram's popularity was evident early on as it only took a little over two years for it to hit 100 million users. After the public learned about the second data leak, which impacted over 50 million users, Google announced that it had decided to shut Google+ down in April 2019, rather than August 2019 as it had originally planned.Ĭheck out the latest Alphabet earnings call transcript. Twice in 2018, Google+ was found to have serious security flaws that exposed user data. When it launched in 2011, everyone was sure Google+ would become the new Facebook, so they rushed to establish a presence on the platform. The social media site that hit 100 million users the fastest is the one from Alphabet's ( NASDAQ:GOOGL) ( NASDAQ:GOOG) Google that never took off and will be shut down this year. Facebook took four-and-a-half years to reach 100 million users.