Facebook

Facebook:

PLAN 

1. Introduction

2. Founders of Facebook

3. Initial Stage

4. Products/Services

5. Business & Revenue model

6. Future Vision

7. Conclusion
Introduction:
 American online social network service
 Is part of the company Meta Platforms.
 was founded in 2004.
 Mark Zuckerberg, Eduardo Saverin, Dustin Moskovitz, and Chris Hughes.
 three billion users as of 2021.
 headquarters are in Menlo Park, California.
Founder of Facebook:
 Mark Zuckerberg, CEO of Meta.
 Founder of Facebook.
 Overall direction and product strategy.
 Co-founder and co-CEO of Chan Zuckerberg initiative.
 Studied computer science at Harvard University.
Initial Stage:
 Help Create environment that could connect College Students with Each other.
 History began at Harvard University in 2003 as Facemash
 January 2004, he created a new social network with fellow students Saverin, Moskovitz and Hughes.
 Social network TheFacebook.com launched in February 2004.
 In 2006 Facebook opened its membership beyond students to anyone over the age of 13.
Products & Services:
 wide variety of products, including communications and advertising platforms.
 Are explicitly connected to, or part of, your Facebook account.
 News Feed
 Messenger
 Facebook Lite
 Mobile app, Video, Photos etc.
Business Model & Revenue:
 Business model is based on offering its tools and services mostly for free
 Advertisers pay the price to Facebook that is determined in an auction.
 focus on small businesses became more apparent part of the Facebook strategy.
 Facebook’s business is performing exceptionally well.
 Revenue was $86bn in 2020, growing by 22% despite the COVID-19 pandemic
Future Vision:
 Metaverse, the successor to mobile internet.
 “Metaverse” is a technological concept that describes a network of augmented and
virtual reality hubs
 Instead of loading an app or website, users attach a visor to interact in virtual
environments
 defining quality of the Metaverse will be “the sense of presence”
 this “virtual environment” will be accessible from all kinds of devices and headsets.
 New frontier.
Conclusion:
 Facebook allows people to build a community and to make the world a smaller place.
 Discover all the latest happenings in the world.
 Used in the right proportions and with proper care, it can be a powerful tool for anyone
 Great for marketing and networking
 business can also leverage its power to make its business success