It’s thumbs up for Facebook, but Twitter doesn’t get new followers.
Facebook’s second quarter earnings report revealed the popular social networking site has reached over 2 billion users.
The Mark Zuckerberg-founded site saw over $9 billion in advertising revenue in the last year, beating expert expectations.
“Our community is now more than 2 billion people, including more than 1.3 billion people who use Facebook every day,” Zuckerberg said on his Facebook page.
“I’m proud of the progress our community is making, and it comes with a responsibility to make sure we have the most positive impact on the world that we can,” Zuckerberg continued.
The entrepreneur also touted the success of the new Instagram Stories (a play off of SnapChat’s disappaering stories feature), which boasts 250 million daily users.
Meanwhile, Twitter showed stagnation in the same period. According to Reuters, their second quarter report showed 10% lower shares and 328 million total users, the same number presented in the quarter one report.
It’s not all bad for the microblogging platform — revenue was down from last year, but up from last quarter (bringing in $574 million) and daily active users was up 12% from last year.
However, the lack of new users is troubling for potential investors, who saw last quarters 9 million new users as a sign for things to come.
It looks like Twitter needs to take some cues from the older platform — that old dog still has some valuable new tricks.