Facebook Reaches Two Billion Users

Facebook Inc. announced Tuesday that the company has reached two billion people on its main platform. Facebook had 1.94 billion monthly users in March as well as 1.2 billion on WhatsApp as of February and 1.2 billion on its Messenger app as of April. Instagram had 700 million monthly users as of April. Facebook's user numbers dwarf social competitor Twitter Inc. , which most recently reported 328 million monthly active users for the first quarter of 2017. Shares of Facebook were down 1% Tuesday. Facebook shares have gained 8% in the last three months, compared to the S&P 500's gain of 4%.