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Meta’s Instagram Users Reach 2 Billion, Closing In on Facebook

Bloomberg business news
Meta Gives Revenue Forecast on Low End of Forecasts

Meta Platforms Inc.’s Instagram now has 2 billion monthly active users worldwide, closing in on the 2.96 billion who use Facebook, in a sign of the social media giant’s shifting makeup.

The company disclosed the number during an otherwise-gloomy earnings report Wednesday, when a shaky ad market clouded Meta’s forecast and sent its shares tumbling. It also said that more than 2 billion people now use its messaging app, WhatsApp, every day. Meta’s total monthly users for its family of apps number 3.71 billion worldwide.