Facebook has had the biggest social network user base for the last three years.
The platform had over 7.5 billion users at the end of May.
It has a total of 1.5billion users worldwide.
The average user is 21 years old, while the average user in Australia is 21.6 years old.
However, the company is struggling to keep up with the growing number of users and revenue.
The company posted its first profit in nine years in April and it posted its fourth consecutive quarter of revenue growth in the third quarter.
It also beat analysts expectations by more than 1 per cent.
In Australia Facebook has the second largest user base in the world behind Twitter, which has over 8.6 billion users.
It is the second most popular social network behind Instagram with over 3.4 billion users in the country.
Facebook also boasts the biggest market share in the US with over 16 per cent of all users.
Twitter has over 2.4billion users in America, while Instagram has over 1.4million users in Brazil and more than 2 million users in India.
Facebook’s global user base is up over 20 per cent in the last year, while its monthly active users have increased by over 40 per cent from the year ago.
Facebook is now the sixth most popular platform in the World, behind only Twitter, Instagram, Snapchat and WhatsApp.
While Instagram has more than 40 million active users in Europe and the Middle East, Facebook has over 10 million users across the world.
Facebook launched its first pay-for-in-person chat application in 2013 and it has over 5.4 million registered users in its native country of the US.
It added its first mobile app in 2018, allowing users to make and receive payments via their phone number, which can be transferred to their Facebook account.
In 2018, Facebook acquired photo sharing service Instagram for $3.4bn.
Instagram has 1.7 billion monthly active monthly users in Australia.
Instagram launched a mobile app for Android in 2017 and has over 4.2 billion registered users.
Instagram now has over 9 billion registered members in Australia and more people are using its mobile app than any other social networking site.
Facebook has also announced plans to invest $20 billion in its messaging and photo sharing platform.
Facebook will invest $10 billion in a new messaging app that will compete with Snapchat and Facebook Messenger.
The social network is investing $4 billion in the messaging app in 2019.
Instagram CEO Kevin Systrom said Facebook is taking a big step towards building a better product that works across devices.
“With Messenger, we are building a new product that is faster, more engaging and gives users a richer experience,” he said.
Instagram will also invest $50 million to build a social network for the next generation of smartphones, according to Systrom.
Facebook plans to start a mobile photo sharing app in 2020 that will be built in-house and will launch on iOS and Android.
Systrom added that Instagram is also developing a new mobile app that gives users more control over photos.
Facebook announced plans for its own AI to help manage its products earlier this year.
The new AI will have the ability to detect and recommend relevant content for users.
Facebook previously partnered with AI company DeepMind to build artificial intelligence that would manage its own products.
The tech giant said that the AI will be used to enhance the social platform and provide it with new ways to reach its users.