Facebook records increased number of users per day

Meta had alarmed investors last year when it posted the first-ever decline in daily Facebook users in its history and signalled it was focusing investments on virtual reality, known as the metaverse. Mr Zuckerberg said the company was making progress with its video product – Reels – which it has been focused on as it faces off with rivals such as TikTok, which have gained traction, especially among younger users. The number of people using Facebook daily grew to an average of two billion in December – about a quarter of the world’s population. The bigger-than-expected growth helped drive new optimism about the company, which has been under pressure as its costs rise and advertising sales slump. Is Facebook regaining its lost glory ?