Facebook usage has soared during the pandemic, but the company warns of ‘significant uncertainty’ ahead
Facebook finished 2020 much stronger financially than at the beginning of the year, proving its business could weather the coronavirus pandemic and even thrive thanks to skyrocketing screen time these past 12 months.
The company reported fourth quarter earnings on Wednesday of more than $28 billion in revenue with profit of $11.2 billion, respective 31 percent and 53 percent year-over-year increases. As far as usage goes, Facebook is up all around, with more than 1.84 billion people using its main social network at least once a day in December 2020, an 11 percent year-over-year increase. As of December 31st, 2020, more than 2.8 billion people check Facebook at least once a month, a 12 percent jump from the year before.