Facebook And The Social Media Industry

1692 Words Oct 12th, 2016 7 Pages
Facebook, Inc.
Facebook Inc., an organization operating in the social media industry. It is founded by its current CEO mark Zakarburg in 2004. The company is offering social networking services globally. They started the facebook services from Harvard university where the first bunch 1200 students joined the network. Lately, network extended to other US universities and in September 2005, the network further extended to UK universities. In September 2006, membership of Facebook opened to anyone. Still the membership of the Facebook remains free of cost. The major revenue activity of the Facebook is the advertisements of the products on Facebook network.
Mission
Founded in 2004, Facebook’s mission is to give people the power to share and make the world more open and connected. People use Facebook to stay connected with friends and family, to discover what’s going on in the world, and to share and express what matters to them.(“Company Info | Facebook Newsroom”)
Vision statement
“People use Facebook to stay connected with friends and family, to discover what 's going on in the world, and to share and express what matters to them.”(“Company Info | Facebook Newsroom”)
The mission and vision statement of the Facebook indicates its objectives of creation that are to empower the people to stay connected. It is a social network which connects people globally. Every day thousands of new users are joining Facebook, statistics show that increase in usage of Facebook year by year,…

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