In: Economics
B. Keeping in view the successes of Linden Lab’s Second Life and Blizzard Entertainment’s World of WarCraft, discuss in detail what specific challenges would Facebook Horizon need to overcome and what strategies would they need to implement to achieve the same level of success?
subject - E commerce
Facebook launched in February 2004, at that time this was a only website where we can find persons and chat with fun. Other applications was mean of important communication. But now there are many applications where we can chat easily than Facebook. So there are many options in social media platforms. Facebook owning top social media apps like Instagram and they are becoming reason for Facebook's own popularity.
If Facebook wants to achieve the same level as second Life and world of Warcraft than it have do something unique as it did in 2004. Many peoples are Facebook user and Facebook should understand that what is demand of today's generation from a social media websites. For example I am an Facebook user and I want it should work on virtual reality. Because chat and messaging becomes old and it can be unique for this time. People loved Linden lab's second Life because they can make a social atmosphere in that. People loved world of Warcraft because they can increase their skill on this. But in case of Facebook, these games are modified to increase the fun according to time. But Facebook is same as 2004. And Facebook earns from advertisements but they are to boring and in video form they consumes data and time. So Facebook should update itself for become successful like world of Warcraft and second Life.