Facebook
Facebook is a public company that was founded in 2004. In the early days of Facebook, it was created for university students to socialize and connect with each other. As the social media platform popularized quickly, founder Mark Zuckerberg expanded his business worldwide. Today it has around 2 billion users worldwide, it is the most popular social media platform in the world and has a net worth of $350 billion dollars. Facebookâs mission is to bring people together, whether you want to meet new people or stay more connected with your friends and family. Facebook allows users to catch up with what is happening around the globe and to share their thoughts, feelings or what happened over the weekend.
Facebook offers an outlet for people to communicate, network, and to market a business. Facebook has a wide range of features, however, the primary aspects of Facebook include allowing users to connect with friends and family or even a celebrity whom they appreciate. It also offers businesses an opportunity to market their consumers. Facebook is in the industry of Mass Media. Their largest competitors are Snapchat, Linkedin, and Instagram even though Instagram is a division of Facebook.