A quarter of the PLANET is now on Facebook with one in six using it every day
That rise marks an increase of 16 per cent and comes alongside the companies hugely impressive financial results
A QUARTER of the planet's population is now on Facebook rising to a staggering 1.79 billion monthly active users since last year.
That rise marks an increase of 16 per cent and shows that one in for people on earth access the social network at least once a month.
On top of that 1.18 billion visit the site everyday, around one sixth of the planet.
The numbers were released alongside the Facebooks latest , which revealed that the company generated revenues of more than $7 billion (£5.7 billion) in the third quarter of 2016.
That was up 56% on the same period last year and higher than the predicted $6.92 billion (£5.6 billion).
The site also saw net income rise from $896 million (£728 million) in 2015 to $2.4 billion (£1.9 billion) in the last quarter.
An understandably chirpy Mark Zuckerberg said: "We had another good quarter, we're making progress putting video first across our apps and executing our 10-year technology roadmap."
Facebook's fortunes are in stark contrast to its rival Twitter, who have recently reported losses of £83 million and plans to slash 9% of its staff worldwide.
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But despite Facebook's growth the company's share price took a 7% tumble as they warned growth may slow in the next quarter.
Facebook Chief Financial Officer David Wehner said advertisement growth would likely slow "meaningfully" due to limits on "ad load" - the amount of ads Facebook can put in front of customers without alienating them.
He also said 2017 would be a year of aggressive investment with a marked increase in expenses.
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