Importance of Establishment of Facebook by Mark Zuckerberg Case Study - 125

Importance of Establishment of Facebook by Mark Zuckerberg - Case Study Example When an entrepreneur starts a company and helps it have a global impact, this has a huge addition of value to the nation of the entrepreneur. An example of it is establishment of Facebook by Mark Zuckerberg. Mark Zuckerberg has created value for America by becoming 11th on the list of 400 richest Americans in 2014 (Anderson, 2014). He has not contributed to the sustenance of America’s image as a country that boasts some of the richest people in the world, but has also added value in terms of drawing in money from all over the world into America. Hundreds of thousands of people that use Facebook as a commercial forum pay a portion of their revenues to Mark Zuckerberg for providing them with this medium, and the money comes to America. Mark Zuckerberg has also added value to America strategically with Facebook. Being a social networking site, on which a profile is a must-have for every individual participating in and endorsing the progressive modern culture, Facebook is a rich s ource of information for America related to people all over the world, their opinions, preferences, political and religious views and opinions, and practices. This information is of huge significance to the giant corporations and political entities in America as it helps them do strategic planning in a way that they can draw maximal benefit. Facebook has been used as a medium for political campaigning, determining public opinion in voting, and to get consumers’ reviews on innovative advances in products. The efficiency and cost-effectiveness thus brought about adds value to America.

MPACT OF SOCIAL MEDIA ON SAUDI NEWSROOM Essay Example | Topics and Well Written Essays - 4500 words

MPACT OF SOCIAL MEDIA ON SAUDI NEWSROOM - Essay Example Specifically the actual number of active Facebook users has reached 1.23 billion worldwide as of December 2013 with 1.74 million more active users as compared to the previous year (Sedghi, 2014). With 645,750,000 active registered users, Twitter’s active users have reached 115 million each month (Statistic Brain, 2014). Other kinds of social media platform which can also be utilized in the collection and dissemination of news information include: blogs, CharRoulette, Digg, Flickr, Foursquare, Google Groups, Google Wave, Groupon, Hi5, LinkedIn, MocoSpace, MySpace, Orkut, SecondLife, Seesmic, SCVNGR, Tweetdeck, Wiki’s, Windows Online, Wordpress, Yelp, YouTube, and chat rooms like ICQ, Skype, and Yahoo Messenger (Pedersen, 2013: 210; Funk, 2011: 8 – 9; Wankel, Marovich and Stanaityte, 2010: 8). (See Figure I – Facebook’s Monthly Active Monthly Users on page 3) The globally available social media tools are useful in terms of making the general public become more interactive and more demanding in terms of the quality of information they receive from various sources such as the media (Pedersen, 2013: 210). It could also mean that the constant increase in the number of social media users has created a huge impact in the way the newsrooms are being managed today. For instance, because of the availability of social media technology, a lot of modern journalists have moved away from the use of the old typewriters and the need to cut-out old newspapers for their personal compilation purposes (Bakhurst, 2011). Using the social media tools that are available in most mobile phone gadgets, laptops, or other related mobile devices, news reports worldwide can now be readily available on a 24/7 basis (Sheller, 2014; Crowe, 2012: 49; Bakhurst, 2011). The Arab world has no doubt experienced an awakening of free expression. The world has witnessed the rise of an