Meta has also cautioned investors that it could also face fines, orders restricting or blocking services in particular geographies, or other government-imposed remedies as a result of content hosted on its services citing examples of India and Germany. “In addition, some countries, such as India and Turkey, are considering or have passed legislation implementing data protection requirements or requiring local storage and processing of data or similar requirements that could increase the cost and complexity of delivering our services, cause us to cease the offering of our products and services in certain countries, or result in fines or other penalties,” the filing dated February 1 said. Meta says 1 billion users are active on Facebook every month, and 500 million use Instagram every day.15 About 47 of users also report using Instagram.16. The company reiterated the risk to its operation in India due to proposed data protection legal framework in India. “Users in India, Nigeria, and Bangladesh represented the top three sources of growth in 2022, relative to the same period in 2021,” Meta said.
India stood among the top three contributors in terms of monthly active users too. The monthly active users (MAUs) as of December 31, 2022, increased by 2 per cent to 2.96 billion from December 31, 2021. The company defines a daily active user as a registered and logged-in Facebook user who visited Facebook through its website or a mobile device, or used the Messenger application (and is also a registered Facebook user), on a given day. “Users in India, the Philippines and Bangladesh represented the top three sources of growth in DAUs during December 2022, relative to the same period in 2021,” Meta said. Ipsos Ireland’s findings mirror a pattern seen globally, with Facebook’s first ever worldwide decline in daily active users in the fourth quarter of 2021 sending its share price plunging when. The company has reported a 4 per cent increase in worldwide daily active users (DAUs) to 2 billion on average during December 2022 from 1.93 billion during December 2021. India is among the top three nations contributing active users growth for Facebook as of December 31, 2022, social media major Meta said in a regulatory filing.
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