Is there more to Facebook that meets the eye? | How well do you know Facebook

Facebook as we all know it is a social media platform with over 2.2 billion monthly active users in the platform, the popularity of this platform has led to scrutiny over its privacy and the psychological effects it has on users.
What is it about Facebook that you do not know? On May 1, 2018, Facebook announced its plans to launch a new dating service.
According to CEO Mark Zuckerberg:
“There are 200 million people on Facebook that list themselves as single, so clearly there’s something to do here”.
facebook eye


Privacy
Facebook enables users to choose their own privacy settings and choose who can see specific parts of their profile. The website is free to its users and thus generates revenue from advertising, such as banner ads. Facebook requires a user’s name and profile picture (optional) to be accessible by everyone. Users can control who sees other information they have shared, as well as who can find them in searches, through their privacy settings.
Media impact
In April 2011, Facebook launched a new portal for marketers and creative agencies to help them develop brand promotions on Facebook.

Economic impact
Facebook, has utilized growing internet markets using a social media platform to expand its user base while generating billions of dollars in revenue from Facebook’s companies. Through empirical findings, economists have been able to identify key areas where Facebook has been able to stimulate economic activity by offering a free public good in that one user will not reduce the amount available to another, while also generating positive externalities.

Social impact
Facebook has affected the social life and activity of people in various ways. Facebook allows people using computers or mobile phones to continuously stay in touch with friends, relatives and other acquaintances wherever they are in the world, as long as there is access to the Internet. It has reunited lost family members and friends. It allows users to trade ideas, stay informed with local or global developments, and unite people with common interests and/or beliefs through open, closed and private groups and other pages.

Political Impact
due to the immense popularity of Facebook most political parties use it as a hedge to solicit for vote from credible/worthy citizens, Facebook has also served as a ground for staging political rallies. For example:In February 2008, a Facebook group called “One Million Voices Against FARC” organized an event in which hundreds of thousands of Colombians marched in protest against the Revolutionary Armed Forces of Colombia, better known as the FARC (from the group’s Spanish name).

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