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Running head: FACEBOOK BUSINESS STRATEGY
Facebook Business Strategy
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FACEBOOK BUSINESS STRATEGY
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Facebook Business Strategy
Facebook is a global company based in the United States of America that engages in the
business of social networking services. The company was established in 2004 by Mark
Zuckerberg, Chris Hughes, Dustin Moskovitz and Eduardo Saverin. As per 2012, Facebook had
grown one billion users making it the leading global online based social network. According to
researchers, more than half of these users were using Facebook every day as a medium of
communication. Currently, the company reports over 2.45 million subscribers every month,
which guarantees that it is among the most trusted social networks. Facebook headquarters are in
Menlo Park, California. On 4 February, Facebook turned 16 years old, which is an assurance that
the company is doing great on online platforms. Opening accounts for new subscribers is free,
and it allows people to build their profiles, upload photographs, and to either establish new
groups or join preexisting ones.
Additionally, it has several components that help in making each profile unique for every
user. Some of these components include space for the profile page to post new content and
friends post messages, a timeline, status space, and news feed. It also has a feature that signals
users when there are changes in their friend's profiles. Users also ha...
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