TABLE OF CONTENT Contentpage Cover page……………………………………………………………...…………………………1 Table of content…………………………………………………………………………………...2 Facebook introduction…………………………………………………………………………….3 Retaining and increasing the number of users………………………………………………….…4 Bringing together people around the world……………………………………………………….5 Critics on Face book……………………………………………………………………………....6 Conclusion and recommendation……………………………………………………………….…7 References……………………………………………………………………………………...…8 2
Facebook introduction Facebook is a social networking platform that gives people an opportunity to communicate with each other and post pictures as well as commenting on the posted pictures. It was found in the year 2004 by Mark Zuckerberg to gather with his friend by the name Edward Saverin, they were students at Harvard University by then"Facebook goes the extra mile helping nonprofits fundraise" (2017). It started as a school based network, spread to other colleges with time and in 2006, Facebook became an open forum to anyone above thirteen years. So far Facebook has been able to gain a lot of popularity among many people in different parts of the world. As company; the mission of FB is to help, give people the required energy so that they can build the community and bring the whole world together. The company also has Instagram which builds a community for sharing visual information through pictures and videos. Messenger is a massaging application that helps people connect through written messages, watsapp is a simple and a fast application that maintains the privacy of individual people and can be able to communicate across the world"Increase Your Organization's Facebook Followers" (2017) . Facebook Company produces its report annually that covers everything about them such as financial reports, future expectations and the goals the company hopes to achieve. The latest report was the 2017Annual report that is last year Bidart & Kornig (2017). 3
2.1 Retaining of users and increasing the number of users According to statistics, Facebook is the is the platform that has recorded the highest number of active users compared to other social networking sites , the number of users keeps increasing from time to time and it has been confirmed that it is the most popular network in the world"How Powerful Is Your Annual Report?" (2017). In one month, there are over two billion people logging into Facebook and more than one billion daily active users of this site which happens to be the most visited.This popularity of Facebook started from the time it was developed as a single university affair then expanded to universities in the North and has continued growing, getting more users up to date. Most of the Facebook users are people at the age of late twenties and early thirties although many teenagers are great users of Facebook.Statistics show that out of ten people who have internet access, seven of them are on Facebook. It has been able not only to capture the attention of people who use it for fun but also people who are there for commercial purposes, education, political and religion. Many political campaigns have been carried out on Facebook by politicians who feel that they can influence potential voters through social network. The reason for this excellence in retaining their users and attracting new ones according to the annual report is because of the company keeps on improving products and bringing in new features that make the users enjoy it more and access better services"Save Money on Your Annual Report" (2017). Facebook invests so much on improving their technology to give people more chances of interacting through social platforms owned by Facebook. Reports reveal that the expenses on research and development are as follows; in 2017, Facebook spent 7.75 billion dollars, in 2016 it was 5.92 billion dollars while back in 2015, the company used around 4.85 billion dollars. the expenses has kept on increasing for the three reviewed years continuously and this explain the reason why Facebook platform and other applications owned by Facebook keep developing from time to time which is why they attract a big number of customersBidart & Kornig (2017). The illustration below shows the progress Facebook has been making over the past years to date 4
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Bringing together people around the world True to their mission of bringing people together by helping them build the society, Facebook has been able to make the world a simple and little global village. The social platform has been able to bring together many people in all parts of the world"UK Renal Registry 19th Annual Report: Appendix I Acronyms and Abbreviations used in the Annual Report", (2017). Since Facebook is public platform where anyone can access a friend as long as they know his or her username, people have been able to get back together even if they are not in the same demographic area. Due to the use of photographs, people can recognize each other, send a friend request and the conversation keeps going. Many have been able to get new friends through Facebook and some have even ended up getting so close to a point of marrying each other. Through groups, both private and public, people can interact, share ideas and information through them. As a matter of fact, many media houses have pages and groups where they get to post news. One does not need to have access to have television on a radio to get information because these broadcasting agencies even stream live on Facebook, share videos, pictures and audio clips concerning news items. Apart from Facebook platform itself, the company has come up with other applications such as instagram, messenger and watsapp that all aim at making communication easier, faster and much enjoyable"Customize Annual Endowment Reports" (2017). 6
2.3 Critics on Facebook However, Facebook has been termed as a societal breaking platform. It has torn societies apart because people with bad intentions use it to spread false information about others and even if it could be true, such things make people hate each otherBidart & Kornig (2017).There are users that use fake accounts jus for their own good and tarnish other people’s name, utter tribal or racial statements that at the end of the day, people will have created enemies that would not have been there if not for Facebook. Even in the 2017 Facebook annual report, it is stated that there are categories of users one of which is fake users accounts that are set up in order to violate the Facebook terms of operation"Executive summary of 2017 annual report" (2017). This clearly indicates that real users are at risk of such fake accounts which are purposely on Facebook to destroy the well-being and the relationship of people in one way or another. Facebook acknowledges in their latest annual report that they have experienced people who try to use fake user accounts, purchase ads and other uses of the platform to spread undesirable and false information, although the company has developed systems and processes desired to prevent such actions, they have not been successful due to software bugs as well as other technical malfunctions. Therefore, Facebook does not assure anyone total protection from such issues which have become a big threat to its users who have ended up criticizing this company for not putting so much effort on the issueBidart & Kornig (2017). 7
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3. Conclusion and recommendation In conclusion, Facebook is the most popular social platform with the highest number of user in the world and the scale keeps growingVenzin (2017). This could be because of the features of Facebook that has attracted so many users.It is recommended that Facebook develops a way of limiting the kind of information people post to avoid creating hatred among people and breaking the society. Fake usernames should be kept out of Facebook because this is how people with social malice get to spread information which ends up being poisonous"Facebook tools" (2017).Facebook is prone to hackers and other cyber- attacks. This reason makes people insecure on the privacy of their data and personal information, therefore, Facebook should be able to protect people from exposure to such risk , this will help them get more users than the current number hence get more profitsBidart & Kornig (2017). 8
References Bidart, C., & Kornig, C. (2017). Facebook pour quels liens ?.Sociologie,8(1), 83. Doi: 10.3917/socio.081.0083 Customize Annual Endowment Reports. (2017).The Major Gifts Report,19(6), 5-5. Doi: 10.1002/mgr.30699 Executive summary of 2017 annual report. (2017).Arthroplasty Today,3(4), 315. Doi: 10.1016/j.artd.2017.11.006 Facebook goes the extra mile helping nonprofits fundraise. (2017).Corporate Philanthropy Report,32(4), 1-12. Doi: 10.1002/cprt.30136 Facebook tools. (2017).Dental Abstracts,62(1), 10-12. Doi: 10.1016/j.denabs.2016.09.013 How Powerful Is Your Annual Report?. (2017).Nonprofit Communications Report,15(12), 4-4. Doi: 10.1002/npcr.30821 Increase Your Organization's Facebook Followers. (2017).The Membership Management Report,13(11), 8-8. Doi: 10.1002/mmr.30827 9
Save Money On Your Annual Report. (2017).Nonprofit Communications Report,15(3), 4-4. Doi: 10.1002/npcr.30628 UK Renal Registry 19th Annual Report: Appendix I Acronyms and Abbreviations used in the Annual Report. (2017).Nephron,137(1), 399-402. Doi: 10.1159/000481386 Venzin, M. (2017). Four Ways to Improve Your Annual Membership Awards Event.The Membership Management Report,13(5), 8-8. Doi: 10.1002/mmr.30699 10