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Facebook sees surge in usage despite pandemic, ad business slumps

Apr 30, 2020 16:43 IST

Social media giant Facebook has reported a surge in growth in its first quarterly earnings for 2020, with an average of over 1.73 billion daily active users in March. The firm's ecosystem, including Facebook, Instagram, WhatsApp and Messenger, reportedly grew to 2.36 billion daily active users with monthly active users hitting the 3 billion mark for the first time. However, Facebook admitted a "significant reduction in the demand for advertising" during the ongoing Covid-19 pandemic, a concern echoed by Google.

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