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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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Tech

Facebook Has Paid Out $9.5 Billion to Developers to Date

By
Kia Kokalitcheva
Kia Kokalitcheva
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By
Kia Kokalitcheva
Kia Kokalitcheva
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April 12, 2016, 2:14 PM ET
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In 2007, Facebook opened up its doors to developers outside of the company, and that community has come a long way since then.

The world’s largest social network has paid out more than $9.5 billion to third-party developers using its tools to make money to date, according to Facebook (FB) vice president of platform and marketplace, Deborah Liu, while speaking at Facebook’s annual developer conference F8 in San Francisco on Tuesday.

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Moreover, Facebook shared that it has seen 40% year-over-year growth for the number of developers using its platform to built third-party apps, adding that more than 80% of the top apps made in countries like India, China, Brazil, Germany, and the United Kingdom are done so using Facebook’s tools.

For more from Facebook F8, watch:

Overall, developers across nearly 250 countries around the world are using Facebook’s platform.

Read More: Mark Zuckerberg Has Harsh Words For Trump

As a point of comparison, Facebook had only 24 million users in 2007, the same year the first iPhone came out. Today, Facebook has approximately 1.59 billion users, and there are more than two billion smartphones around the world.

To further support its global community of developers, Facebook will release its software documentation in 16 languages with more to come, Liu promised.

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