x Abu Dhabi, UAETuesday 25 July 2017

Facebook tops 1 billion users

Facebook has now topped 1 billion users, but the past few months have not been easy.

NEW YORK // Facebook has now topped 1 billion users, but the past few months have not been easy.

CEO Mark Zuckerberg said yesterday that the company is going through a bit of a "rough cycle" after its rocky initial public offering in May. He also updated his Facebook status to announce that the social networking site has more than 1 billion active users each month.

The company has had a shaky time. There were trading glitches the day it went public and concerns about its revenue potential. It's also facing lawsuits from disgruntled shareholders.

But its popularity still grows.

The recently-married 28-year-old executive also continued to reassure that he is the right person to lead Facebook. Some on Wall Street have questioned whether he has the ability to lead a large public company. "I take this responsibility very seriously," he said.

Mr. Zuckerberg also said Facebook's future is about mobile. The company has been criticised for not capitalising on mobile quickly enough.