Coronavirus has affected the business of many companies in 2020 but social media against Facebook ended the year on a high note. Facebook's fourth-quarter earnings reached more than twenty-eight million dollars.
According to the report, the social media;s earning surged due to the skyrocketing screen time in the past year. According to The Verge, The social media giant is up all around, with more than 1.84 billion people using its main social network at least once a day in December 2020, which is an eleven per cent year-over-year increase. As of December 31, 2020, more than 2.8 billion people check Facebook at least once a month, which is a twelve per cent more from the 2019. A metric the company refers to as "family active people," the numbers are even better. Over 2.6 billion people check at least one of Facebook's apps every day, while more than 3.3 billion people check one of the apps once a month.
America based social media giant's 'Other' category, which includes its Portal video chat devices and Oculus virtual reality business, also registered a 156 per cent jump in revenue to $885 million.
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