Facebook, YouTube, Instagram to hit 6.5 billion users by 2023
Projections carried out by StockApps, a financial educational firm based in the United Kingdom, show that social media platforms Facebook, YouTube, and Instagram, would grow up to 6.5 billion users by 2023.
The report said that “the combined number of Facebook, YouTube, and Instagram users, as the three most popular social media platforms globally, is expected to hit 5.7 billion this year. The increasing trend is set to continue in the following years, with the number of users growing by another 800 million to 6.5 billion in 2023.”
The report projects a 800 million growth for the platforms pegged at 6.5 billion users by 2023.
Facebook recorded the most growth, recording 2.1 billion active users in 2019 to 2.3 billion active accounts so far. StockApps projects the numbers to hit 2.4 billion this year. By 2023, the data firm projects that the Facebook will hit 2.63 billion users, a 340 million increase within a three-years period.
In 2020, YouTube had recorded around 2.1 billion active users globally. The number of people using YouTube is expected to climb to 2.24 billion in 2021 and continue growing to 2.56 billion in 2023.
While Instagram hit 926 million users in 2020, StockApp predicts that the app may hit over one billion users in 2021 and by 2023,1.3 billion active users worldwide.
The report attributes the growth of these social media platforms to the COVID-19 pandemic, where more people are spending time consuming content and interacting with others on social media as a result of state imposed lockdown.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Abuja
Tinubu celebrates former AGF Kanu Agabi at 80
President Bola Tinubu has congratulated former justice minister Kanu Agabi on his 80th birthday.
Economy
FG, private sector urged to focus on governance reforms
Governance experts have called for structural governance and institutional reforms across Nigeria’s public and private institutions to drive sustainable economic growth.
Politics
Tinubu govt frustrating me; I may be dead before 2027 presidential election: Peter Obi
“I might not even be alive. I’m telling you. Every single thing I do for a living, this government is frustrating it. Deliberately so. Everything,” Mr Obi claimed.
States
Niger: PCRC strategises ahead of sensitisation programme
A zonal chairman of the PCRC held a series of strategic engagements with the executives of the PCRC Niger command on Thursday.
Anti-Corruption
Money Laundering Case: Court adjourns arraignment of Warri refinery’s ex-MD
The anti-graft agency had on Wednesday arraigned Ahmed Dikko, ex-MD of the Port Harcourt Refining Company, for alleged money laundering.
Rights
Xenophobia: Air Peace evacuates more Nigerians from South Africa
Air Peace has completed the fourth phase of the evacuation of Nigerians from South Africa, bringing another 284 Nigerians home.





