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Facebook turns 20: Mark Zuckerberg shares his journey on Instagram

Mark Zuckerberg posted a reel on Instagram, which included his old Facebook display picture stating, "Twenty years ago, I launched a thing. Along the way, lots of amazing people joined and we built some more awesome things. We're still at it and the best is yet to come."

Edited By: Saumya Nigam @snigam04 New Delhi Published on: February 05, 2024 14:09 IST
Facebook
Image Source : FILE Facebook turns 20

Facebook turned 20 after Mark Zuckerberg launched the site back in 2004, and over the period, it became the most mused and appreciated social networking platform in the following years. On Instagram, Zuckerberg further shared some snippets of his early days at Facebook.

Zuckerberg posted a reel on Instagram, which included his old Facebook display picture stating, "Twenty years ago, I launched a thing. Along the way, lots of amazing people joined and we built some more awesome things. We're still at it and the best is yet to come."

The official Instagram handle of Facebook also commented: "Love you dad."

In less than a year of its launch (in 2004), Facebook gained one million users, and within 4 years it had overtaken its rival MySpace.

By 2012, Facebook surpassed around a billion users per month. And by the end of 2023, it reported that it had 2.11 billion daily users.

India Tv - Mark zuckerberg, tech news

Image Source : INSTAGRAMMark Zuckerberg

Meta's family of apps, which includes Facebook, Instagram, Messenger and WhatsApp, are now being used by 3.19 billion people daily in the fourth quarter, up from the 3.14 billion.

The Family monthly active people figure was 3.98 billion as of December 31, 2023, an increase of six per cent year-over-year.

Meta CEO Mark Zuckerberg is now the fifth richest person in the world following a surge in Meta's share price.

Facebook's parent company Meta is now an advertising giant.

India Tv - Mark Zuckerberg, tech news,

Image Source : INSTAGRAMMark Zuckerberg

Meta last week reported more than $40 billion in revenue for the last quarter of 2023 and around $14 billion in profit.

However, Facebook also faced billions of dollars in fines over its poor data collection practices.

In the Cambridge Analytica scandal in 2014, Facebook paid $725 million to settle legal action due to a significant data breach.

In 2022, Facebook also paid a 265 million euros fine for allowing personal data to be extracted from the site.

Last year, the social network was fined a record 1.2 billion euros by the Irish Data Protection Commission, for transferring European users' data outside of the jurisdiction. 

Facebook is currently appealing against the fine, reports the BBC.

Instagram Threads has now reached 130 million monthly active users, up 30 million from the last quarter.

Zuckerberg said during the company's fourth-quarter earnings call that Threads is "growing steadily".

Threads had a record-breaking launch, reaching 100 million registered users within its first five days last July. But the interest faded over time.

ALSO READ: WhatsApp to bring 'favourite contacts' feature to quickly place calls: Details

Inputs from IANS

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