Facebook Approaching 2 Billion Users

Facebook's user base continues to expand and is headed towards 2 billion. The company's latest financial report revealed $8.8 billion in revenue for the last quarter. Over 1.23 billion people are using the social network daily, with 1.15 billion accessing from a mobile device daily.

With the network's current growth rate, Facebook is on track to reach 2 billion monthly active users by the middle of the year. The vast majority of those will be regularly accessing the site with a mobile device, continuing a trend that's been seen in recent years.

Facebook's total revenue for 2016 was over $27.6 billion, up from $17.93 billion in the prior year.