Facebook Lite app has over 200 million usersFebruary 9, 2017 - 12:56 AMT PanARMENIAN.Net - Facebook’s stripped-down but speedy Lite app is growing fast and adding countries so it can keep connecting people and building the company’s business in the low-bandwidth world where revenue increased 52% this year. Facebook Lite launched in June 2015, it rocketed to 100 million monthly users by March 2016, and now it’s doubled in size to 200 million users, Mark Zuckerberg says. And that’s just in a limited set of countries which today expands to include Israel, Italy, United Arab Emirates, and South Korea, TechCrunch reports. Meanwhile COO Sheryl Sandberg points out the app now lets businesses manage their Pages. Facebook Lite is partly why the social giant has managed to boost its business in the Rest Of World region. Average revenue per user is up 28% this year from $1.10 to $1.41. And that pushed its Rest Of World revenue up 52% this year to $839 million per quarter. By making it enjoyable for users to sign up and spend more time on Facebook even with a weak network connection, Facebook is starting to make money in places other apps don’t. For example, Snapchat’s bandwidith-heavy video-first app earned just $7.8 million off 39 million daily users in the Rest Of World region all year — and unlike Facebook, Snap includes Asia Pacific in Rest Of World. The startup cited how it grows much better it countries with high-bandwidth. Photo: Reuters Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |