Ok user preferences aside, remember when Facebook (FB) spent billions of dollars to buy WhatsApp? Well we have learned that Facebook released stats that its Messenger app now has over 1.3 billion monthly users, up 30 percent in just over a year and rivaling the popularity of WhatsApp.
The milestone, comes two months after WhatsApp, Facebook’s other message service, said it was serving almost 1.3 billion users a month.
The question is how does this impact the investment? Well Facebook wants to generate more revenue from those services after warning that ad sales growth from its News Feed product will start to wane in the second half of this year. So it’s looking to dump ads on us.
The company began testing Messenger ads two months ago. CEO Mark Zuckerberg recently said he wanted the company to move even faster to get ads in front of Messenger users.
Facebook shares are up more than 40 percent this year, as Wall Street analysts expect its 2017 sales to rise 42 percent from a year earlier.
Facebook said in July 2016, that Messenger had 1 billion monthly users and updated that number in April to 1.2 billion.