network. 1 in 5 people worldwide are active monthly users, and Facebook’s net worth

is more than $250 billion dollars. As one of the most visited websites on the internet

we wanted to know, how powerful is Facebook?

Well, Facebook has been widely popular as a website where users can connect with their

friends and express themselves through shared media. Membership is free, and the site is

primarily funded through advertising revenue. Facebook’s founder, Mark Zuckerberg, has

become the 7th richest person in America, with a net worth of about 35 billion dollars.

But Facebook isn’t just about social media. The company has acquired a number of tech

startups and continues to grow. In 2012, Facebook bought the image app Instagram for 1 billion

dollars, and two years later, purchased the messenger program WhatsApp for 22 billion.

The increased partnerships across different social media platforms have helped Facebook

diversify.

Through their social media holdings, Facebook has become an all-powerful collector of data.

In 2013, roughly 300 million photos and billions of comments were posted every day. Facebook

accumulates massive amounts of information about its users which allows them to sell

very effective targeted ads.

But Facebook isn’t just making money, it is changing the way the world communicates.

During the Arab Spring, millions of people used Facebook to organize and share information.

It has influenced American politics, with many pointing to President Obama’s use of

Facebook as one of the reasons for cornering the youth vote. It even helps companies interact

directly with consumers, and collect information on how best to serve them.

But people value their privacy, and oftentimes photos or opinions that are posted to Facebook

can never be fully removed, even after deactivating a user’s account. Additionally, Facebook

has been accused of tracking users’ web histories through cookies, and secretly supplying

data to the government. The company also introduced facial-recognition software in 2010, sparking

a class action lawsuit about invasion of privacy. Still, the company has maintained that it

is committed to transparency and user data rights.

Facebook has become the most popular social network for adults, and the company has undoubtedly

affected the way Americans interact with each other in real life and online. Since the company’s

humble beginnings, Facebook has made smart business choices that allow it to grow and

respond creatively to the digital era.

Google is Facebook’s biggest competitor. To find out just how powerful the tech company

is, watch this video. Thanks for watching! Make sure to like and subscribe to our channel

for new videos daily.