Facebook Economic Impact

Improved Essays
Facebook And Online Consuming.
Recently, Investopedia announced top World 's Top 10 Technology Companies; Facebook stands number four in the list. Although just existed in several years, Facebook achieved much success in the technology market not only in the country but the whole world. According to a survey do by Facebook, worldwide, there are over 1.71 billion monthly active Facebook users (Facebook MAUs) which are a 15 percent increase year over year, published by Zephoria in 2016. Also, Facebook has a significant impact on the economy which cost $227 billion dollars of global economic impact (Deloitte). Because of that huge number, many people concern about the Facebook financial, and how the 32 guy name Mark Zuckerberg can make a free
…show more content…
According to Deloitte, " Platform effects estimate the economic impact of 3rd party products and services built atop of the Facebook platform." (8) The platform is the only applications which are imperative in running the website. Then, it extends to mobile devices and driven by apps. Therefore, Facebook has helped mobile devices such as Apple, Android, and another platform to develop within and without Facebook (Deloitee 8). Moreover, Facebook allows their customer to customize their apps such as game, music, health management, etc. Thus, users would have better experience and services while using apps. Facebook also allows people to cooperate themselves with their friends or even people around the world while using these apps. For example, Farmville is the most success game that produce by Facebook in 2012, player can connect to their friends on Facebook that they can collaborate, or compare themselves against their friends. Therefore, users spend more time to play, and it create more jobs for game creators. Moreover, Facebook helps users discover news apps. For instance, Facebook app center is a collection of many games app which created by game creators. Thus, customers would find many more games through the platform. According to the University of Maryland. Their study, called "The Facebook App Economy," said at least 182,000 new jobs have been created by businesses in the U.S. making apps specifically for Facebook, the world 's most popular social network with more than 750 million users. In brief, Facebook development tools make opportunities for new features, apps, services, which encourage the development of digital, apps creators

Related Documents

  • Improved Essays

    Facebook is particularly skilled at bundling services for both mobile and non-mobile platforms. The company is so effective at bridging the gap between mobile and non-mobile platforms that the distinction between the company 's efforts in each area is described as moot. Daily active users for September 2014 were 864 million on average, representing a 19% year-over-year increase. Mobile daily active users for September 2014 were 703 million on average, representing an 39% increase year-over-year. As of November 18, 2014, the company had a market capitalization of $207.25 billion and a massive 1.2 billion total users worldwide.…

    • 1147 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Firstly, there are lots of companies who have pages in the most visited by the community social networks. There are around 40 million company pages registered in Facebook ( Anthony Ha) and more than 3 million company pages in LinkedIn (Harnish, Brian). Big brands which have their own pages in Facebook and Twitter are Nike, Adidas, Carrefour, Pizza Hut, Oreo, TEDTalks, etc. Secondly, the companies post advertisements on their pages. In 2015 Instagram has earned around 595 million dollars from mobile advertising.…

    • 792 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    For example, you can follow the BBC news on twitter and get the news before being broadcasting on the TV by an hour. Social networking can be also profitable. It turned out that social networking is being used widely as professional networking. It has been used in marketing to increase brand exposure, web traffic and gain market insights. 60% of entrepreneurs say that they had gained new customers due to the use of social marketing (Karr, " 2014 Statistics and Trends for Businesses on Social Media").…

    • 1096 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    Facebook has come a long way from the little social site launched to help us chat and flirt and cyber-stalk friends. It directs web traffic to a large portion of the internet, it also commands a huge share of mobile advertising. The article “Facebook Controls What News People Read. That’s A Problem” states that there was new research released on July 14, 2015 by the Pew Research Center with the Knight Foundation which suggested that the social network’s hold on how we find news is continuing to grow. Approximately 175 million people take the time to get on Facebook each day.…

    • 721 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    History Of Social Media

    • 1120 Words
    • 5 Pages

    The Taliban 's Twitter account has over 1,000 followers and has been active since May of 2011. Besides terrorism and business, 72% of the general population is using social media. By far, the largest social media is Facebook. Approximately 71% of internet users check Facebook to share and see what…

    • 1120 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    On December 1st, 2015, after the facebook’s CEO Mark Zuckerberg vowed to donate 99% of his facebook shares for charity, the eyes of the world focused again on this young and successful entrepreneur. On February 4, 2004 in a normal college domitory, Harvard College’s sophomore Mark and his roomates launched the website of Facebook, which started a new era of social media and in some sense transformed people’s way of life. With more than 10 years of development, Facebook has become not only a platform for people to chat with each other online, but a big stage where people around the world share everything of their lives. As facebook has become one of the most popular social media in the world, I want to dicuss the benefits and…

    • 1086 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    Instagram's Business Model

    • 1674 Words
    • 7 Pages

    The largest in size stakeholder who also weighs a lot of importance is Instagram’s users. Because of its active hundred million-user base, Instagram carried the price of 1 billion dollars by 2012, only two years after its creation, and now is a prime platform for advertisers. The second group of stakeholders would be the ones in the green circles, they may not directly have an impact on Instagram yet remain important to maintain Instagram’s image and elite rank in the social media channels. Starting with Apple and Android ‘s management teams, there is a dual relationship of power and money between them and Instagram; the application is available in the Apple…

    • 1674 Words
    • 7 Pages
    Great Essays
  • Improved Essays

    The YouTube video tells about iPhone’s high costs, difficulty with buying from its retail shops, incompatible power adapters, and system failures, among others. With a traffic volume of more than 1 billion per month, YouTube proves to be a valuable tool for marketing a business (YouTube, 2014). According to AYTM Market Research, about 60 percent of internet users visited YouTube in 2013, while 21 percent frequented the social network every day (Fayer, 2013). As shown in the figure below, Samsung S3 commercial in YouTube has a total view of almost 7 million as of November 2014. Samsung sold more than 20 million of Galaxy S3 units during the first 100 days of release, and from then on has sold more than 50 million units (The Korea Times,…

    • 1092 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Facebook is still the most popular social network globally due to its difference of age demographic users. Facebook social media users are between the ages of thirteen and older. According to a research from Jetscram website statistics from 2014, Facebook has 1.2 billion users from ages thirteen to fifty-five. (Jetscram) The site also mentioned that users twenty-five years of age and older mostly dominates the social media site. Additionally, I believe Facebook is the largest social media in the world because it is the best site for business organization to market their products.…

    • 810 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    Social Commerce has an impacted the economy. In 2011 in the U.S. it generated 1 billion dollars and 4 billion in the rest of the world. “In 2014, the estimated global social commerce revenue was projected to amount to $20 billion” (ready cloud, 2016). Currently, experts say that this number will grow by 50%, exceeding $30 billion by the year’s end”. That being said, competition has increased because of the growing trend in social commerce.…

    • 2068 Words
    • 9 Pages
    Superior Essays

Related Topics