ipl-logo

Facebook's Impact On Global Economy

1064 Words5 Pages

Name: Lee, Felicia Li Ern
Student Number: 97150A12-5
Topic: Facebook's Impact on global economy.

1. Introduction.
Facebook was started by Mark Zuckerberg in February 2004. It is said that facebook connects more than 1.35 billion people around the world. Facebook created more than 4.5 million jobs and more than $227 billion of economic activity in the year 2014 (Anadolu Agency, 2015). Deloitte (2015) states that facebook's current target on improving the experience on promoting connectivity and mobile platform has helped the businesses grow in developing countries such as Brazil, India and Indonesia. Facebook's entry into new markets has unlock new chance to enable economic impact within and outside of its platform.
Deloitte also points out …show more content…

Facebook is also used to raise the awareness of their brand. Business to a greater extent uses Facebook's marketing tools to expand. For example, through advertisement and also via pages, businesses can efficiently obtain and retain customers and also raise their brand awareness. In contrast, people can use facebook to discover new companies and also brands or they can also connect with business that they have already know. Facebook's marketing tools are ready for use everywhere. In addition to the government and businesses, non profit and other civil society organisation also uses facebook to connect with their members which then enables both social values and also economic values. There are three sources of effects to be taken into consideration which creates economic impacts through marketing. The three sources are pages, targeted advertising and also referrals.
2.1 Pages.
Pages grants businesses with a method to setup and improve their presence online across tablet, mobile phones and also desktop. Facebook allows people to come across pages that are according to their interests.
2.2 Targeted …show more content…

Facebook is among the most popular services on both mobile devices and desktop and its measured by the number of visits as well as the time spent on the platform. More than thirty three percent of people are active on facebook and they log into the platform mainly with their mobile devices and their share has been growing firmly. Innovation in mobile devices and the internet infrastructure and also the growing number of services built on top of them are aiding the sharing of enlarging richer multimedia content. For example, People on Facebook often share high-definition videos captured by their mobile devices and posting links to stream vidoes or musics or even viewing high-resolution photos. To access these services, Customers are purchasng more generous data allowances and faster connections. Connectivity in developing countries enables people to participate in the digital economy thus stimulate the ecnomic impact and also enabling the transition to knowledge-based economies. The improvements in broadband infrastructure devices and general connectivity spillover to the other part of the economy and hence activating economic

Show More
Related

  • Rhetorical Analysis Of Isabel Evans Head In The Instagrammed Clouds

    680 Words  | 3 Pages

    She provides examples of how social media has influenced the world, both positively and negatively. The author refers to social media’s role in social uprisings: “In the revolution in Egypt to overthrow Hosni Mubarak, Facebook connected and united protestors so well that one Egyptian couple named their new baby “Facebook” as a show of gratitude to the site’s positive impact” (Evans 2). In this instance social media was an especially helpful and productive tool for the protestors to use. Often sites like tumblr and Facebook are quicker to provide information about breaking news; however, the speed of these sites becomes an issue in some cases. For example Evans mentions the website Reddit and how its users tried to identify one of the Boston bombers, but ended up accusing the wrong man.

    Read More

  • Summary Of Why America Is Self-Segregating By Danah Boyd

    1006 Words  | 5 Pages

    Instead of encouraging diversity, it gives people an opportunity to separate themselves into groups. Facebook is used

    Read More

  • Communication In The 1800's

    578 Words  | 3 Pages

    Employers now have the ability to connect with their employees and associates around the world. The internet offers instant communication (Skype, email, and instant messaging) in a matter of seconds, we are virtually connected. Information is transported a at a more rapid pace. • More affordable means of doing business W. Michael Blumenthal, author of the article The World Economy and Technological Change, asserts the impact communication and transportation has had on our society, “our capability to establish virtually instantaneous worldwide electronic links, combined with the technology of television satellites and jet transportation, has revolutionized how we live, where we go and what we do. ” 2nd part of the question: Advances in communication have definitely affected the global economy.

    Read More

  • The Fakebook Generation Summary

    1165 Words  | 5 Pages

    In her document “ The Fakebook Generation,” later to be published in the New York Times on October 6, 2007, Alice Mathias enters the topic of the most used social networking service worldwide, Facebook. Mathias debates on Facebook’s claim of being a forum for “genuine personal and professional connections” and tries to influence her readers to ask themselves if the website really promotes human relationships. The author illustrates in her document the power and impact Facebook had on the population by convincing to be “a place of human connectivity,” but states her idea of Facebook missing its real reason of enriching human connectivity. Mathias goes on how Facebook became more as an “online community theater” than a functional service tool. She provided examples like people who announce relationships with Chinese food in their status in order to make others laugh instead of providing useful updates.

    Read More

  • Advantages And Disadvantages Of Carmex

    729 Words  | 3 Pages

    Voice is the lungs of the content. Contests and promotions are consistent with growth. These promote the consumers to like a page. 4. What are the advantages of using a fixed alternative pol question of Facebook.

    Read More

  • Informative Speech Outline

    472 Words  | 2 Pages

    General Purpose: To Inform Specific Purpose: My audience will learn the importance of social media in today’s world, from its history to the many uses it delivers. Thesis Statement: I would like to address three facets social media provides: first, the history of social media; second, the uses of social media; and third, how social media have influenced our lives.

    Read More

  • The Pros And Cons Of Facebook Privacy

    855 Words  | 4 Pages

    Moreover, users may connect common- interest user groups, arranged by workplace, school or college, or other features, and classify their friends into categories such as “People From Work” or “Close Friends”. Moreover, users can complain or block hostile people. Facebook had over 1.59 billion monthly lively users as of August 2015. As a consequence of the big capacity of data users present to the service, Facebook has come under inspection for their privacy contracts. Facebook Inc. detained its first public offering in February 2012 and started selling stock to the public, after three months, attaining an innovative climax market capitalization of 104 billion dollars.

    Read More

  • Facebook Big Brother Likes Us Case Analysis

    1150 Words  | 5 Pages

    Facebook introduced a lot of features such as the “Like” button, news feed,

    Read More

  • The Positive And Negative Effects Of Technology On Teens

    961 Words  | 4 Pages

    Literature Review There are various studies that shows the effects of the use of technology on teenagers. Several studies show the positive effects of the technological gadgets and services. Other studies reveal the negative effects of these technological products. Some of the studies have found both positive and negative effects of technology on teenagers. Positive Effects of Technology

    Read More

  • Argumentative Impact Of Social Media On Society

    995 Words  | 4 Pages

    As indicated by different research studies in the field of online social networks, it has been uncovered that these sites are impacting the societies in both positive and negative ways. So the “Impacts of social media on humanity” is a hot topic for discussion. Different people have different views about the impact of social media. Some people say that social media have played a beneficial role toward the progress of humanity and some people say that a deterrent role has been played by the social media towards the progress of humanity. Social media has more deterrent impact on progress of humanity.

    Read More

  • Persuasive Essay On Social Media

    1142 Words  | 5 Pages

    Facebook’s entire business model revolves around them being able to share your information (Anderson 1). Typically, if companies were caught doing this there would be an outrage. However, everybody seems perfectly fine with it. A few years ago, Facebook introduced the Open Graph Protocol. The Open Graphs Protocol allows Facebook

    Read More

  • Does Social Media Positive Impact On Society

    820 Words  | 4 Pages

    Does social media have a positive impact on society Social media, a form of electronic communication channel which is useful for sharing information, pictures, personal texts, ideas, is one of the most popular technologies today. However, in recent years, the question of whether social media is a positive or negative trend has been raised. Although some people argue that social media has a negative impact on society, I believe that social media is beneficial for society in a number of ways. Firstly, social media makes communication a lot easier than before. In the past, most people used phones and letters for communicating with others; they were not an effective way of communication because they were time consuming and not instant.

    Read More

  • Essay On The Influence Of Social Media On Politics

    1036 Words  | 5 Pages

    Social media was developed to link people to the world and is an effortlessly convenient method for communication. Due to this, people are able to get in touch with just about anyone from all over the world and it no doubt has an incredible amount of influence on our lives. However, not all of it may be positive. Almost everyone is aware of how social media impacts us on a micro scale, but what about the influence it has on a macro level? Interestingly enough, it has taken a tremendous toll on politics.

    Read More

  • Communication Technology In Public Life

    882 Words  | 4 Pages

    Businesses and organisations are relying on it and are gaining benefits from it. Communication Technology impacts on public and private life The modern methods of communication play a significant role in both our private and public life, commonly positive but they can also have negative effects. Through social networking sites, we can find people sharing the same interests as us, hence, making new friends or even finding a suitable

    Read More

  • Advantages And Disadvantage Of Social Media

    1864 Words  | 8 Pages

    Name : (Quintus) Gan QI Xiang Student’s iD : 0322280 Question: What are the advantages and disadvantages of Social Media? Justify your answer with relevant evidences. The definition of social media is a group of internet-based applications that allows the creation and exchange of user-generated contents such as tweet, post, picture, audio files, video and others more which is created by users of an online system and service.

    Read More

More about Facebook's Impact On Global Economy

Open Document