Facebook 's Social Of And Economic Power Essay

In the article “Facebook Is Using You,” Lori Andrews describes the damaging consequences of corporations collecting and selling personal information retrieved from internet users. She explains how this information is often used to create personalized advertisements and while seemingly harmless may have negative implications on internet users’ employability, legal battles or ability to receive credit (552).

So many users of the internet blindly browse and post on these sites without any thought to the online identity they are creating for themselves. Shares, tweets, hashtags, likes, and comments all combine to make up an amalgamation of marketable information. In November of 2016, an average of six thousand tweets were made per second, and ninety-five million Instagram posts were made per day (Sayce; Parker). Facebook “has become the largest database of personal information ever collected,” says Richard, and Facebook takes advantage of this. With almost two billion users, Facebook has no shortage of information to gather (Sparks). They do this mainly for targeted advertising. There is no small profit to be made in this. In 2011 Lori Andrews wrote, “Facebook made $3.2 billion in advertising revenue last year, 85% of it's total revenue.” However, Facebook and other internet corporations also relay data gathered on users to the

Facebook was launched on February 4, 2004 by nineteen year old named Mark Zuckerberg (Carlson). In 2010 it became one of the most popular websites in the world, visited by over 400 million people per month. The sudden popularity of Facebook was so extraordinary, that a movie called “The Social Network” came out telling the story of its development (The Social Network). This site created an innovative way for its users to exchange messages, post status updates, post photos, and join common interest groups. In addition to that users can like and comment on

What once was a ad-less site, one where information and thoughts could be exchanged and debated, has turned into a retail paradise. The methodology behind Facebook’s income is simple, watch and respond. Let us take a real world example of Facebook’s intrusion: an individual posts on Facebook, for their friends to see that their sink broke. Weather it says they are looking for a plumber or not, Facebook will scan the post for keywords: Plumber. Then, as this individual is looking around Facebook, an ad for plumbing services will present themselves in a variety of marketing forms: video, text, or pictures.

Yvette Vickers, a former Playboy playmate and Hollywood horror movie star would have been 86 in this year, but nobody exactly knows how old she was at the time of her death! According to the coroner’s report, she was died for a long time ago before her neighbor discovered her death. Her neighbor, Susan Savage noticed cobwebs in her windows and yellowing pile of letters in her mailbox. She reached through a broken window to unlock the door and she reached upstairs, she found Vickers’s mummified boy near a heater that was running at that time. Near the body, Vickers’s computer was also running. The Los Angeles Times posted a story, which quickly went viral throughout the country. Within two weeks, Vickers’s lonesome death was already the subject to thousands of Facebook posts and tweets. She had long been a horror-movie icon, now she was an icon of a different kind of horror, our growing fear of loneliness. Certainly she received much more attention after her death than she did in the end years of her life. With no children, no religious group, and no immediate social circle of any kind, she had begun to look elsewhere for companionship. Vickers had made calls not to friends or family but to distant fans whom she found through fan conventions and Internet sites. Though her web of connections had grown broader but it was shallower, as has happened for many of us (Marche S. 2012). Vickers’s death arises a question to all- does social media

From different online social media websites to virtual adventure games, software that helps people meet, talk, and work with others is getting billion of online users. The use of social media comes with a price, though. Every photo upload or click of a “like” button deposits users' personal data online, many of which gives businesses the statistics they need for advertising. To some, such data being collected is an invasion of privacy, but social media supporters say it is a little price to pay for the benefits of online socializing. Meanwhile, people criticize

Facebook is a social networking site that is free of charge for its users. It allows the individual the opportunity to stay connected with friends and family, sharing updates, photographs and user status. The company grosses more than $1 billion per quarter in advertising revenue and online games (Ritholtz, 2014). In this respect, Facebook is much more that a social network. It is a versatile and sophisticated corporation that has revolutionized the way people share their lives and communicate. Their 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

This article focuses on media platforms (Facebook & Google) recent transition from privacy policies to data usage policies. The privacy policies have become obstacles for the economy of social media. The online platforms benefit from encouraging individuals to disclose information publicly by selling clustered profiled information of its users to advertisers and marketers. This source is relevant to the proposed topic because it addresses the excess of information for analysis that are available to multiple

A website article by (Shruti Tripathi Chopra 2015) stated that in 2008 Facebook made and estimated $300 million, that rose to a profit in 2014 of $2.9. The positive implications of social networking sites have no boundaries. Communication between people in the past was, either over the phone or via letter, just to mention a few. (Pewinternet.org 2005) published that just 7% of American adults used social networking sites, and then rising to 65% by 2015. As a result, in this growth and popularity, jobs have been created to meet the demands of social networking sites. It was surely inevitable, that the growth and impact of social networking sites would influence how most of us live our lives today.

In this day and age, social media has become an integral part of our lives. It has created a platform for people to share information instantly and communicate with people all around the world. Facebook is the most outstanding example of successful social media network. According to the first quarter 2015 earnings announcement by Facebook, the site has achieved 1.44 billion active users per month, and 65% of which are daily active users. Other social networking sites such as Twitter, Instagram and LinkedIn are also a powerful means of communication. With such a large audience, social networking sites provide ample opportunities to acquire information, network, and connect with friends.

First is the advertising. According to the case, we know that the major revenue of Facebook is advertising, which took up 98 percent in 2009, 95 percent in 2010 and 85 percent in 2011. Facebook uses all information uploaded by users to become the property of the firm. By analyzing database, Facebook provides advertisers target customized services and products based on users’ preferences and connections. In its view, the advertising which based on social

Facebook is estimated to have over 845 million users, mostly college-aged young adults. Its explosive growth and reputation in social networking have made it not only a market leader, but also a household brand name. The audience is global (excluding China) and the site has now been translated into 70 different languages.

As discussed before, Facebook holds a strong position in the market. With 51% active users in 2013, the company also reached roughly double the amount of virtual operators compared to its competitors. As a comparison, Google+ with 25%, Youtube with 21% and Twitter with 21% are relatively far from the market leader’s 51% (Marketline, 2013, pp. 4-5). These numbers make clear the extraordinary scope as well as the influence Facebook enjoys on the social web. Having such a dominant global position, the network offers businesses the chance to connect with customers all over the globe. Primarily used on an American campus back in 2004, the platform is currently available in almost any nation and has been translated into 70 languages (Marketline, 2013, p. 4).

Facebook is currently largest social networking site in the world based on monthly unique visitors – attracting 130 million unique visitors every day (Alexa Inc. 2012). The site’s popularity exploded in 2007 and it bypassed its social networking rival, MySpace, in April 2008 (Phillips 2007). Over the last few years Facebook has impacted people’s social lives in various ways. With its availability on modern smart phones, Facebook enables users to continuously stay in touch with friends, relatives and peers wherever they are in the world as long as they have internet access. It can also group people together who share beliefs and interests and has been known to even reunite lost family members and friends through its enormous social reach

Facebook, a social networking website, has changed the way people communicate with each other. A social networking website is an online platform that allows users to create a public profile and interact with other users on the website. Facebook has even changed our most personal and private conversations and how they are conducted around the world. Since the internet’s birth in 1983, this trend of online communication has been growing. Created in 2004, now registered with more than one billion participants, Facebook’s user numbers surpass even the top four social networking websites combined. According to Wikipedia statistics, Instagram has 300 million registered users, LinkedIn has 200 million users, Classmates.com has 50 million users, and Flickr has 32 million registered users. To be further convinced of the claim that Facebook indeed changes the way we communicate, you would only need to create your own Facebook account and start participating in their social networking experience. Technology and internet usage is fused into every aspect of our society including the style of communication. The launch of Facebook in 2006 also enabled other devices such as touch phones, interactive tablets, and even advanced cars with their own networking capabilities starting in 2007. Facebook is a multibillion-dollar company and is highly recognized for connecting more people than other networks. Facebook’s long-term success can be attributed to providing entertainment, world news, and