The number of Facebook users is not growing as expected



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The number of monthly active users increased by 11% to 2,230 million, a figure below the forecast of 2,250 million. However, the social network has reported solid profits and profits.

Facebook reported strong earnings and profits in the second quarter on Wednesday, but disappointed the market by reporting that the number of users has increased less than expected.

The world socialist said his quarterly profit rose 31 percent to $ 5.1 billion and his income rose 42 percent to $ 13 billion.

However, its share lost more than 8% in electronic transactions immediately after the closure of Wall Street due to the slower growth in the number of users.

"Our community and businesses continue to grow rapidly, we are committed to investing in people's safety and building meaningful new ways to connect," said Mark Zuckerberg, chief executive officer of Facebook. it does not expect a significant impact because of the scandal of user data theft done by the company Cambridge Analytica and discovered months ago, but the data of the last quarter show a cooling down.

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The number of active monthly users increased by 11% to 2,230 million, a figure below the 2,250 million expected. Daily users also grew less than the estimated 11% to 1.470 million.

Facebook reported revenues of $ 13.2 billion and almost all ($ 13 billion) came from online advertising, a sector that dominates with Google

although it fell after the Breakup of the Cambridge Analytica scandal months ago, Facebook's action has re-established later and reached record levels this month.

According to eMarketer market research, Facebook will have 18% of $ 273.290 million of the global online advertising market and will remain behind Google which will have 31%.

According to this same company, Instagram, a social network owned by Facebook, is growing and will contribute this year $ 8 billion in advertising for the group.

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