Ann Murrell
Dr. Rebecca Borah
English 1001-027
28 March 2014
Was WhatsApp a Wise Investment for Facebook?
Facebook invested $19 million on a text messaging service, WhatsApp. This stunned the tech world and many investors. WhatsApp was founded by two former Yahoo employees, Jan Koum and Brian Acton in 2009. It was built with merely a 55 persons staff and only 32 engineers - that’s one WhatsApp developer to every 14 million active users. This also means that Facebook paid $345 million per WhatsApp employee. In the past, with a majority of start up companies, the size of the staff behind its company serves as a function in the company’s impact. Many of these same investors say the key to a good entrepreneurial investment: is the entrepreneur’s that don’t want to sell for monetary value, those who aren’t in it for the money, are worth the money.
WhatsApp is a messaging application that allows you to share text, pictures and video anywhere at anytime for one dollar annually. One of WhatsApps more notable traits is that it is more popular outside of the United States it’s most popular in Europe, India, Latin American. However “Rabbis discourage the apps use among ultra-Orthodox Jews, saying that it’s responsible for divorces in the community” (Steele). It doesn’t charge you any additional fees for sending the messages while it works as modern mobile messaging software. Most monthly plans in the United States include unlimited text messaging, that doesn’t exist overseas where the carriers charge per message. While 310 million Americans share a single nation and a telephone network- the rest of the nation has to deal with international texting and calling. WhatsApp offers a price sensitive solution to these users international messa...
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Facebook is the current leader in the trend of online segregation of face to face interaction between us and others. 84 million users are registered Facebook enablers. In 2010 Facebook generated $3.7 billion in revenue. Facebook has earned the title of being the first website to obtain 1 trillion page views in a month. Users are estimated to project 2.7 billion likes and comments every day, in the first three months of 2011.
From walkmans to CD players to iPods, technology has evolved over the succession of the years; humans have taken extensive steps towards a technological transformation that has revolutionized the manner in which several individuals communicate with one another. Likewise, various humans have opted for more modern methods to connect and contact their loved ones such as speaking on a cell phone, video chatting, e-mailing, instant messaging, and conversing through social media. With these contemporary methods of communication, global interaction has now been facilitated and easily accessible; conversing with individuals from across the world is as transparent and prompt as speaking with individuals within the same city. Nonetheless, these technological
As of 2016, Facebook cofounder and CEO, Mark Zuckerberg, has a net worth, estimated by Forbes, of around $47 billion. One of the richest people of the world, Mark Zuckerberg exemplifies heroic character, not attributed to fame and fortune, but his ability to utilize his success to impact others. In 2004, Zuckerberg decided to drop out of Harvard University in order to focus on developing his social media network, Facebook (The Editors). Now, at thirty-one years of age, Mark utilizes his self-created superpower, Facebook, to connect billions of people around the world. A hero, usually bolstered by a superpower, embodies the traits of ordinariness, benevolence, and idealism. Mark Zuckerberg leads a heroic life by being relatable, demonstrating
In a technologically increasing world, individuals find themselves surrounded by devices that are created for the purpose of making daily life easier. One of the most commonly owned devices is the cell phone. The cell phone has the ability to provide almost all the services of various other devices through applications. Ironically, cell phones were created for the purpose of supporting communication at a distance, and cell phones have become a cause of distance in human relationships. Cell phones are enabling disconnection in communication, dependency on technology, and a weakened sense of humanity.
People are in touch with each other with a click of a button, or the touch of a screen. Yet, these instant messages and lightning fast communications are starting to become the norm. No longer is it merely a luxury to have a smart phone, now it’s the standard; especially if 64% of American adults now possess a smart phone (Smith). Trying to live life without the ways of on-the-spot connection, people find it
Facebook : Every single day we read the news ,and think that Facebook might be antiprivacy. It is also observed that people often think that social networking sites offer complicated privacy settings. The CEO...
Facebook, Inc.’s challenge is that they are too invested and dependent on their advertisement revenue. The company’s prime source of revenue comes from web and mobile advertisements and payment and fee from online gift purchases and virtual games (Stevens).
In addition, the app offers users an ability to customize the image using filters. The purpose of the filters is to turn a mobile photo into an artistic-looking image. The name was derived from the combination of “instant camera” and telegram. According to an article published by Mikaela Rakos, Instagram started with “one million monthly users” (Rakos 2014). In April of 2012, the company reached 30 million users. As a result, Facebook noticed the growth and bought the app for one billion dollars (on April 9, 2012). From that point on, the usage of Instagram has gone up exponentially, reaching 150 million users in 2013. Instagram’s growth is largely due to the Facebook purchase. The company was listed in Time Magazine as “one of the top 50 apps for Android” and a report by Global Web index found that Instagram was the fastest growing social
...tions he dealt with. It is the story of how the world’s youngest billionaire, Mark Zuckerberg, created Facebook.
Social relationships are essential for one to function properly within today’s society. Cell phones have affected social relationships by changing them from social conduct to contacting someone through a text message. Research in human interaction using communication technologies like text messages and phone calls could deepen an understanding of how society manages their everyday life” (Rippen). Cell phones have become such a necessity in everyday life that cell phone users rely on a device to manage their everyday social relationships. Cell phone users can manage their social relationships with the touch of a screen.
WeChat, unlike its main competitor WhatsApp, has developed a platform where its users can chat, shop, play games, meet new people, and even do banking. In China, it is the number one app for messaging, and voice services. This is a big bonus for WeChat, as China is the world’s biggest telecom market. Apart from China, it is making progress in penetrating the Asian and South African markets. WeChat has started expanding into Europe, U.S and has launched a multimillion-dollar advertising campaign, which would cover India, South Africa, Italy and Spain.
The 21st century has brought a lot of modern ideas, innovations, and technology. One of these is social media. The invention of Facebook has completely changed the way we communicate with one another. Instant messaging, photo sharing, and joining online groups have created a way for families and friends to connect. Some argue that Facebook is the greatest invention however, while it is seemingly harmless, Facebook has created an invasion of privacy. The accessibility of Facebook and its widespread use has created privacy problems for users, teens, and interviewees by allowing easy control to viewers.
“We barely have time to pause and reflect these days on how far communicating through technology has progressed. Without even taking a deep breath, we’ve transitioned from email to chat to blogs to social networks and more recently to twitter” (Alan 2007). Communicating with technology has changed in many different ways. We usually “get in touch” with people through technology rather than speaking with them face to face. The most popular way people discuss things, with another individual, is through our phones. Phones have been around way before I was born in 1996, but throughout the years, they have developed a phone called a “smart phone”. The smart phone has all kinds of new things that we can use to socialize with our peers. On these new phones, we can connect with our friends or family on social networking sites such as Facebook, Twitter, and Instagram. Technology has also developed Skype, a place you can talk with people on the computer with instant voice and video for hours. The new communication changes have changed drastically from the new advances made in technology through our smart phones, social networking sites, and Skype.
Nowadays, we are living in the “ technology world”, digital’s century, science and technology are being devolopped like a rain-storm, people try their best effect to serve for human’s infiniti demand. Internet in general and social network in particular are exceedingly funtional tools. Indeed, with over 1.3 billion active users in June,2014 ( Wikipedia), there is no suprise that Facebook has been becoming a leading social network in the world, “Facebook was not originally created to be a company. It was built to accomplish a social mission - to make the world more open and connected” – CEO of Facebook: Mark Zuckerberg (google). Facebook truthly brought many useful; however, it is still “ a double-edged sword”.
Mark Zuckerberg founded Facebook in 2004 and its sole purpose is to give people the power to share and connect with the world. With 1.23 billion monthly active members, Facebook has certainly surpassed all other social sites. To put it in perspective that is roughly one-sixth of the entire world’s population. According to his book, Introduction to Digital Literacy Mark D. Bowles (2013) stated that Facebook is “the leading social networking site” where you can update your status, share information like photos, find friends and establish networks (pg. 184). This is exactly why Facebook is so popular amongst other social sites.