How Facebook is Important in Our Digital Life
Social media are interactive computer-mediated technologies that facilitate the creation and sharing of information, ideas, career interests and other forms of expression via virtual communities and networks.Users typically access social media services via web-based technologies on desktops and laptops, or download services that offer social media functionality to their mobile devices. Facebook is one of powerful no1 Social Media Website. Facebook head office is located in Menlo Park, California. It was launched on February 4, 2004, by Mark Zuckerberg, along with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes. Facebook can be accessed from a large range of devices with Internet connectivity, such as desktop computers, laptops and tablet computers, and smartphones. After registering, users can create a customized profile indicating their name, occupation, schools attended and so on. Users can add other users as “friends”, exchange messages, post status updates, share photos, videos and links, use various software applications, and receive notifications of other users’ activity. Additionally, users may join common-interest user groups organized by workplace, school, hobbies or other topics, and categorize their friends into lists such as “People From Work” or “Close Friends”. Additionally, users can report or block unpleasant people. It has more than 2.2 billion monthly active users as of January 2018. Its popularity has led to prominent media coverage for the company, including significant scrutiny over privacy and the psychological effects it has on users. In recent years, the company has faced intense pressure over the amount of fake news, hate speech and depictions of violence prevalent on its services, all of which it is attempting to counteract. Mr.Zuckerberg wrote a program called “Facemash” in 2003 while attending Harvard University as a sophomore. According to The Harvard Crimson, the site was comparable to Hot or Not and used “photos compiled from the online facebooks of nine Houses, placing two next to each other at a time and asking users to choose the “hotter” person”. Facemash attracted 450 visitors and 22,000 photo-views in its first four hours online. The Facemash site was quickly forwarded to several campus group list-servers, but was shut down a few days later by the Harvard administration. Zuckerberg faced expulsion and was charged by the administration with breach of security, violating copyrights, and violating individual privacy. Ultimately, the charges were dropped. Zuckerberg expanded on this initial project that semester by creating a social study tool ahead of an art history final exam. He uploaded all art images to a website, each of which was featured with a corresponding comments section, then shared the site with his classmates, and people started sharing notes. Six days after the site launched, Harvard seniors Cameron Winklevoss, Tyler Winklevoss, and Divya Narendra accused Zuckerberg of intentionally misleading them into believing that he would help them build a social network called HarvardConnection.com.
They claimed that he was instead using their ideas to build a competing product. The three complained to The Harvard Crimson and the newspaper began an investigation. They later filed a lawsuit against Zuckerberg, subsequently settling in 2008 for 1.2 million shares. On September 26, 2006, Facebook was opened to everyone at least 13 years old with a valid email address. The company announced 500 million users in July 2010. It eventually filed for an initial public offering on February 1, 2012. On January 15, 2013, Facebook announced Facebook Graph Search, which provides users with a “precise answer”, rather than a link to an answer by leveraging the data present on its site. As of January 21, 2015, Facebook’s algorithm is programmed to filter out false or misleading content, such as fake news stories and hoaxes, and will be supported by users who select the option to flag a story as “purposefully fake or deceitful news”. According to Reuters, such content is “being spread like a wildfire” on the social media platform. Facebook maintained that “satirical” content, “intended to be humorous, or content that is clearly labeled as satire”, will be taken into account and should not be intercepted.The algorithm, however, has been accused of maintaining a “filter bubble”, where both material the user disagrees with and posts with a low level of likes, will also not be seen. In November 2015, Zuckerberg prolonged period of paternity leave from 4 weeks to 4 months. On April 12, 2016, Zuckerberg revealed a decade-long plan for Facebook in a keynote address. His speech outlined his vision, which rested on three main pillars: artificial intelligence, increased connectivity around the world and virtual and augmented reality. In June 2016 Facebook announced Deep Text, a natural language processing AI which will learn user intent and context in 20 languages. In July 2016, a US$1 billion lawsuit was filed against the company alleging that it permitted the Hamas group to use it to perform assaults that ended the lives of four people. Facebook released the blueprints of Surround 360 camera on GitHub under open-source license. In September 2016, it won an Emmy for its Visual animated short “Henry”. In October 2016, Facebook announced a fee-based communications tool called Workplace that aims to “connect everyone” while at work. Users can create profiles, see updates from co-workers on their news feed, stream live video and participate in secure group chats. Facebook annually has an Oculus Connect conference. Following the 2016 presidential election, Facebook announced that it would further combat the spread of fake news by using fact checkers from sites like FactCheck.org and Associated Press, making reporting hoaxes easier through crowdsourcing, and disrupting financial incentives for spammers. On January 17, 2017, Facebook COO Sheryl Sandberg planning to open Station F, a startup incubator campus in Paris, France. On a six-monthly cycle, Facebook will work with ten to 15 data-driven startups in the location to help them develop their businesses. On April 18, 2017, Facebook announced the beta launch of Facebook Spaces at Facebook’s annual F8 developer conference in San Francisco.
Facebook Spaces, a virtual reality app version of Facebook for the Facebook-owned Oculus VR goggles. In a virtual and shared space, users can access a curated selection of 360-degree photos and videos using their avatar, with the support of the controller. Users can also access their own photos and videos, and any media shared on their Facebook newsfeed.The beta app is currently available in the Oculus Store.On July 26, 2018, Facebook became the first company to lose over $100 billion worth of stock in one day. It fell from nearly $630 billion to $510 billion, a 19% loss, after disappointing sales reports. On July 31, 2018, Facebook revealed that the company had deleted 17 accounts related to 2018 American elections for national, state and local political elections. The company released a statement relating the attempts to previous security breaches saying “It’s clear that whoever set up these accounts went to much greater lengths to obscure their true identities than the Russian-based Internet Research Agency has in the past. We believe this could be partly due to changes we’ve made over the last year to make this kind of abuse much harder.”