Mark Zuckerberg Says Facebook Now Has 2 Billion Users Worldwide

Updated: Jun 27, 2017 1:56 PM ET

Facebook Chief Executive Mark Zuckerberg said on Tuesday that the social network had 2 billion monthly users.

The company had 1.94 billion people using its service monthly as of March 31, an increase of 17% from a year earlier.

The social network's user base dwarfs that of similar companies. Twitter (twtr) reported in April monthly active users of 328 million, while Snap Inc's Snapchat (snap) had 166 million daily users in the first quarter ended March 31.

Facebook (fb) is looking to grow its massive user base, especially in developing nations where the service currently has smaller penetration rates.

The company has been building up its services by increasing focus on livestreaming and has been ramping up its camera features.

Facebook has also been developing technology known as augmented reality, a mix of the real and digital worlds.

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