Question

In: Economics

1) Does social media truly represent who we are or is all just one big marketing...

1) Does social media truly represent who we are or is all just one big marketing experiment? Do the positives outweigh the negatives or vice versa?

Solutions

Expert Solution

Social media refers to websites and applications designed to enable people to exchange content in a fast, effective and real-time manner. Many people on their smartphones or tablets describe social media as apps, but the reality is, this networking tool began with computers. The misunderstanding stems from the fact that most social media users are using apps to access their devices.

There was no competition for the dollar even in the early days of social media. You can spend thousands of dollars, for example, on a Facebook ad campaign and still get no return on your investment. Because of its very existence, social media is a media cycle of limited attention, it is much easier to get somebody's attention with a Tweet than to get somebody's attention with a newspaper ad. That's because ad headlines and copy are harder to write on Twitter or Instagram.

Perhaps one of the most prevalent trends of the "big data" period is the desire of data scientists to capture and extract value from any shiny new dataset or resource without taking the time required to consider the underlying assumptions or complexities that could affect the questions being asked about it. Increasingly sophisticated algorithms are bundled in turn-key user-friendly environments that make it simple for non-technical users or even professional users who are unfamiliar with these specific techniques to implement them without knowing the algorithm's constraints or limitations or imposing the limitations of the data sets and parameters used.

Social media's relative benefits and drawbacks are a regular topic of discussion. Some of the benefits of social media include the ability of users to keep in touch with friends and family with ease, communicate with like-minded people and develop business connections. Social media was also used to raise awareness and coordinate protests about social and political problems. The frequently cited drawbacks of social media include questions about privacy and a decline in real-world social interactions.

Surely one of the most significant advantages of social media is the speed and ease at which it helps people to interact. For example, social media played a vital role in communication during the protests that took place in Turkey in 2013. Most of the demonstrators were young men and women, students and they used social media to coordinate the protests. The plans of when and how the protests will take place quickly spread via social media pages, staging some of the biggest protests Turkish people have witnessed in the history of the country.

It is a perfect example of how social media can be used to alter, and to organize the public. Different cases happened during the Arab Spring, as well as events around the world. Social media has given people a new and powerful tool to come together for the issues they believe in, particularly the young generation that is very tech savvvy.


Related Solutions

Identify a social media marketing campaign for your favorite brand. How does the social media marketing...
Identify a social media marketing campaign for your favorite brand. How does the social media marketing campaign invite you to take part? What is the experience strategy? Which zones does the strategy use? How does the campaign include share technologies to ensure your activities are shared with your network? Post two paragraphs for this discussion.
MARKETING QUESTION: Social media marketing is one of the fastest growing areas of the marketing world....
MARKETING QUESTION: Social media marketing is one of the fastest growing areas of the marketing world. Please identify a company that you are familiar with that embraces different SMM platforms. Select three (from, say, Facebook, Instagram, Twitter, Pinterest, YouTube, email campaigns, etc.) that the company uses and describe their applications with examples. What are some practices of the company you like/appreciate; what are some that you do not?
We are all users of social media. Today, with your new knowledge about target marketing, market...
We are all users of social media. Today, with your new knowledge about target marketing, market research, consumer behavior etc conduct research on ONE company and identify how they are utilizing some of the most popular social networking sites in their marketing strategies. For each company note: Identify four strategies (Facebook, Twitter, Instagram, Blogs...). List the target markets/segments/consumer behaviors the business is trying to reach/target with that strategy. List two strategies you recommend to the business to improve their social...
Social Media Marketing. What is "big data"? Please find a definition from the web and provide...
Social Media Marketing. What is "big data"? Please find a definition from the web and provide the link to the reference. Why does big data create more options for identifying and targeting customers? Please provide resources from the book.
Consumer Behavior What social networks are you a part of? Does social media marketing have an...
Consumer Behavior What social networks are you a part of? Does social media marketing have an influence on you? Give an example
In 400 words, apply social media marketing for a specificbusiness or company. How does the...
In 400 words, apply social media marketing for a specific business or company. How does the company use social media to communicate with their customers?
What are the advantages and challenges related to marketing and social media? What does the entrepreneur...
What are the advantages and challenges related to marketing and social media? What does the entrepreneur need to be aware?
Mobile and Social Media Mobile and Social Media have changed marketing but this will also continue...
Mobile and Social Media Mobile and Social Media have changed marketing but this will also continue to evolve. Consider the following Social Media platforms for the assignment: Pinterest Twitter Instagram Google+ Linkedin YouTube Snapchat Reddit Pick two of the above platforms and complete the following: Provide a brief description of the platform (how it works, key functions, etc) User growth over time and key points of evolution User demographics information B2C and B2B applications How can it be used by...
Social Media Discussion This week it all about the Social Animal of People - How does...
Social Media Discussion This week it all about the Social Animal of People - How does our social media consumption effect our group formations? IS is good or bad? What does the book think? What about Fortnight? This was a comment form a student on the Video assignment I am not sure I could come up with a direct link that I know of about social media and the works of memory but I can think of how social media...
Once something is deleted form a social media profile, is it ever truly gone and do...
Once something is deleted form a social media profile, is it ever truly gone and do our personal ethics change with the anonymities we use online?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT