Facebook reaches 1 bn active users on mobile, 200 mln users on Instagram

Facebook announces acquisition of virtual reality firm Oculus Rift and confirms reaching the 1 billion active mobile users milestone.

Published Date
26 - Mar - 2014
| Last Updated
26 - Mar - 2014
Facebook reaches 1 bn active users on mobile, 200 mln users on In...

Facebook CEO Mark Zuckerberg revealed today that the company has reached 1 billion active monthly users milestone for mobile devices. Facebook confirmed the number of active users for mobile was up from 945 million in December out of a total of 1.23 billion users. The company also confirmed that Instagram now has more than 200 million users, up from 100 million when Facebook acquired it nearly two years ago.

Mark Zuckerberg revealed the statistics during an investor call to discuss the acquisition of Oculus Rift, a Californian company which specializes in virtual reality products, for around $2 billion. The deal includes $400 million in cash and over 23 million Facebook shares.

The start-up's flagship product, is the Oculus Rift, a goggle-like "immersive" headset for video gaming. The company acquired funding through the crowd funding site Kickstarter. It has also received 75000 for development kits. Oculus' crowd funding campaign raised approximately $2.4 million, 10 times more than the amount originally sought. The company subsequently received a funding of $75 million from investors.

Facebook's CEO, Mark Zuckerberg, stated that Oculus' technologies could "change the way we work, play and communicate".

In a recent statement released, Facebook said it plans to expand the use of Oculus technologies to include "communications, media and entertainment, education and other areas".

Facebook also recently confirmed that more than 375 million users play Facebook connected games every month. The social networking giant also confirmed that gets more than 735 million referrals per day. The data includes gamers on both desktop and mobile devices.

Source: The Verge