This is a series on Social Media entertainment sites.
Site: Facebook.com Business model: Advertising
What description of SM entertainment would be complete without Facebook? Mark Zuckerberg virtually defined Social Media when he and classmates Dustin Moskovitz, Eduardo Saverin, and Chris Hughes created the site in 2004 while attending Harvard (Wikipedia.org). In doing so, they changed the face of technologies landscape, bringing it into the mainstream. This opened the floodgates for those passingly familiar with procedures to log on to the Internet and WWW to access the motherload of social content, forever humanizing what was once the purview of technophiles. The accomplishment was so celebrated that Time magazine named Zuckerberg their Person of the Year for 2010.
With 500+ million users, it is undoubtably one of the most popular destinations on the Web. Members chat, post and exchange photos, and keep up to date with happenings of others. While it is also celebrated by advertisers for marketing purposes, many use it to find the latest amendments of friends and family. Newsfeeds provide a method of getting out the latest updates, photo galleries give patrons the opportunity to display their filmic efforts, and messages and events can be posted. Groups can be formed and followed for special interests. And, of course, the ever popular chat feature has taken it’s place alongside traditional communication formats.
Facebook has changed the panorama of online entertainment, and for the foreseeable future will remain as many peoples journey’s end on the World Wide Web.