Facebook - Essay Example

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Attracting a high number of people to become internet users is one of its effects. Social networks are an enormous area of the World Wide Web which is usually targeted for…
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Download file to see previous pages The internet has a variety of different social networking websites such as MySpace, Netlog, Hi5, Yahoo and Facebook. This essay will examine and scrutinize Facebook and its varied features. It will begin with Facebook as a business and determining its industry from different aspects. Second, it will move to some information about Facebook, as well as details, such as Facebook background and some other facts. Third, this paper will go through a rundown of different business theories and strategies that Facebook uses like SWOT and PEST analysis, for instance. Fourth, this piece will take a look at Facebook data via explaining market share and financial issues. Fifth, we’ll be defining the different application of theories and strategies to data being used by the Facebook management. Ant then finally, this document will conclude with looking at Facebook as a new business field, and how technology has been an effective aspect in that field, and not to forget, going through privacy and risk management in this organization. 
According to Techterms (2011), Facebook is a web site and a social network service, which means that it is an online service and platform that mirrors and builds social relations among people, for example, sharing interests and common activities. In February 2004 Facebook was launched, and it was operated privately and owned by Facebook. The name was acquired through papers that were given to new students and staff. By July 2011, Facebook had reached more than 800 million users. An American 23, Mark Zuckerberg born in 14th of May 1984 founded Facebook by following and associating computers, with fellow students Chris Hughes, Eduardo Saverin and Dustin Moskovitz, all of whom were his roommates. Zuckerberg is an Internet entrepreneur and computer programmer. A number of social networking websites were already developed by Mark Zuckerberg while he was still studying Psychology at Harvard University.
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