Ever since Facebook launched in 2004, it's been very hard to exaggerate the influence it has built so far but nonetheless, Facebook's influence plays a huge roll in our lives, whether it's to stir up envy among friends or start up a political showdown, It has made its mark in the sands of time.



It doesn't take a Geek to know that Facebook is making billions of dollars from almost everything we do on our news feed. An average Facebook user spends at least 35 minutes a day on Facebook which is equivalent to almost 5 years of your life, that's more time than you'll ever spend hanging out with friends.


Facebook is expected to reach 2 billion users this year, 2017 and coupled with that milestone, Facebook made quite a lot of money in the last 4 months of 2016 - $8.81 billion making a profit of $3.56 billion. Facebook generates an average of $1.57 per user monthly which is not bad for a user base that increases in millions every month.


The question is - Where does all the money comes from?
Advertisements.


Facebook already knows your interests and topics you may like to click so they provide extensive options to advertisers. Advertisers can target people from a specific age range, region, sex and other demographics as well.


95% of the ads you see while scrolling through your feed are from products you'll be interested in.
Facebook knows that you may occasionally click the ads so instead of increasing the cost of their ads and pushing out more news feed ads they've added it to their Facebook Audience Network. While reading instant articles on Facebook, you get to see the ads while scrolling through the post.

Another of Facebook’s revenue streams is Facebook Payments. This is where Facebook takes a cut of purchases made within games that you play on Facebook.

Facebook also has a couple of more income streams, Instagram Ads, Sales Of Oculus Rift headsets, etc.
There are still more options to expand to. Whatsapp is still available but I'm really hoping they don't ruin our Whatsapp experience with ads.
By the looks of things, this is just the beginning and Mark Zuckerberg seems to be driving his company in a direction that guarantees maximum profit.


Ads are the major source of revenue for Google and Facebook but with the increased use of ad-blockers, revenue from ads may soon take a hit and Publishers are fighting it with everything they've got.

Source - http://www.naijatechguy.com/2017/06/how-facebook-is-making-money-from.html

K

WatchinginHD:
K

hmmm

This is quite interesting. Mark too like Money .. Btw. What happened to Linda Ikeji Social.. Is she still competing with Facebook

it's necessary Facebook makes more money from us all because we most times doesn't consider how much the company spend including on servers, storage just keeping the network up and running.

You need to make more Facebook.

Bobody:
it's necessary Facebook makes more money from us all because we most times doesn't consider how much the company spend including on servers, storage just keeping the network up and running.

You need to make more Facebook.

It's good if they make money but hopefully not by selling off people's privacy to advertisers

Cyb3rhack3r:
This is quite interesting. Mark too like Money .. Btw. What happened to Linda Ikeji Social.. Is she still competing with Facebook

Lol

Cc mynd44, lalasticlala

Cyb3rhack3r:
This is quite interesting. Mark too like Money .. Btw. What happened to Linda Ikeji Social.. Is she still competing with Facebook

lol

Cyb3rhack3r:
This is quite interesting. Mark too like Money .. Btw. What happened to Linda Ikeji Social.. Is she still competing with Facebook

I think Linda Ikeji Social is still running.
adewasco2k please move this to phone section

Bobody:
it's necessary Facebook makes more money from us all because we most times doesn't consider how much the company spend including on servers, storage just keeping the network up and running.

You need to make more Facebook.

They should pay users for using Facebook nah.. At least they're earning from what we do

matrixx9:


They should pay users for using Facebook nah.. At least they're earning from what we do

Are you not enjoying the free Facebook. Don't be ungrateful.

Cyb3rhack3r:
Are you not enjoying the free Facebook. Don't be ungrateful.

Cyb3rhack3r:
Are you not enjoying the free Facebook. Don't be ungrateful.

nobody is being ungrateful here.

Facebook just like Google make a bulk of their money through ads displayed on their platform.

Cyb3rhack3r:
Are you not enjoying the free Facebook. Don't be ungrateful.

omo!
why should they pay us for using their services free of charge?

that's totally being ungrateful... if only the person know how much money and time they spent to get here

Cc mynd44 lalasticlala

henryobinna:
omo!
why should they pay us for using their services free of charge?

that's totally being ungrateful... if only the person know how much money and time they spent to get here

You're right tho.

Someone was arguing with me that na from in data Facebook dey chop money

I just be like...

Tuham:
Someone was arguing with me that na from in data Facebook dey chop money

I just be like...

Chai

Someone was arguing with me that na from in data Facebook dey chop money

I just be like...

lwkmd