1. What are the economics of social networking? What does it take to win? Facebook Fake...

1. What are the economics of social networking? What does it take to win? Facebook Fake News in the Post -Truth World topic

300 words

Solutions

Expert Solution

EXPLANATION:

The media, celebrities and political figures are all on Facebook. Not only individuals, but even companies have their presence via their company page on Facebook too. On Facebook, people take a sneak peek into other people's lives by engaging other people by liking, commenting or tagging with the content / posts they share. Humans prefer to socialize with friends and relatives on Facebook.

The social media sites collect users' data-their preferences, dislikes, location, and news. The consumers are the product of them. For firms which seek to target certain niches in the population, this data is of value. The more social media a person communicates, the more social media wants to collect and sell data. Social networking sites therefore need to sustain the participation of users on their website. Social networking sites benefit from the selling of user information and advertising. The winner or loser is determined by the number of active users on a social networking site.Fake news is an growing social media concern. Zuckerberg will take the following steps to suppress fake news:

Prohibit the advertising on the website for nonethical third parties.
Tweak Facebook's code to keep spammers away.
Using machine learning and human interaction to distinguish true news from false news.

keosha answered 1 month ago

Next > < Previous

Related Solutions

Consider Facebook and other social networking sites. Have you heard others express reasons for using Facebook...

Consider Facebook and other social networking sites. Have you heard others express reasons for using Facebook that aren't reflected in the typology proposed by Alan Rubin?

As the global success and acceptance of Facebook’s social networking platform, discuss whether Facebook Novi would...

As the global success and acceptance of Facebook’s social networking platform, discuss whether Facebook Novi would also be able to gain acceptance and success in developing countries such as Pakistan. subject E-commerce

Social networking sites are fast becoming corporate resources. Consider how Facebook may be used by an...

Social networking sites are fast becoming corporate resources. Consider how Facebook may be used by an organization. Can you think of different ways in which organizations such as Coca-Cola, KFC, or Bank of America can use social networking? What are network effects? If you were the chief executive officer of a Fortune 500 company, would you be comfortable using social media sites like Facebook or LinkedIn as part of your CRM strategy? Why or why not? At least 250 words.

What are network effects? What market power does a social network such as Facebook imply for...

What are network effects? What market power does a social network such as Facebook imply for a business that has a Facebook profile

Recently the social networking site Facebook had a successful Initial Public Offering (IPO) of its business....

Recently the social networking site Facebook had a successful Initial Public Offering (IPO) of its business. Write a report on the financial coverage of the financial securities. Is an IPO a primary market transaction or a secondary market transaction? Post IPO, what actions did the senior management take to maximize the shareholders’ interests? Give reasons. Using book Essentials of Corporate Finance

Recently the social networking site Facebook had a successful Initial Public Offering (IPO) of its business....

Texting, Blogs, Email, Twitter, Facebook and other Social Networking, Video Conferencing, and TelePresence are all newer...

Texting, Blogs, Email, Twitter, Facebook and other Social Networking, Video Conferencing, and TelePresence are all newer forms of communication, which have only recently (within the past decade or sooner) gained widespread popularity. Each of these mediums of communication has different levels of information richness. Recall back to Hofstede’s culture framework and select one emerging communication medium that would be best suited to individualistic cultures and discuss why. In addition, select one emerging communication medium that would be best suited to...

Do you or friends of your use the social networking site Facebook? Do you know businesses...

Do you or friends of your use the social networking site Facebook? Do you know businesses that use Facebook? How does an entrepreneur make all of our lives better? • The term IPO, or initial public offering, was also mentioned in the story. What would be a good reason to offer stock of Facebook to the public? What are the disadvantages to Facebook's CEO, Mark Zuckerberg, to offering shares of Facebook to the public?

What strategies should social media companies (Twitter, Instagram,facebook) take when approaching sport and sport marketing? What...

What strategies should social media companies (Twitter, Instagram,facebook) take when approaching sport and sport marketing? What will drive users, ad sales, and revenue? Why?

POLITICS. To what extent, and in what ways, has the proliferation of fake news on social...

POLITICS. To what extent, and in what ways, has the proliferation of fake news on social media and other online outlets undermined the ability of the U.S. political system to function effectively? What steps can be taken to prevent these problems from continuing to occur in the future?

Subjects