Facebook: Company Analysis: Summary: Facebook

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Company Summary: Facebook Facebook is a public limited liability company that currently owns the world’s largest social media platform. As of December 31,2017, Facebook has 1.4 billion active users on average and 2.13 billion monthly active users. The company headquarter is currently located at Hacker Way, Menlo Park, California with regional offices and data centers located in every major city in the United States, and international offices located in every major city across the globe. As of December 31,2017, Facebook has a workforce of 25,105 employees. The company operates and makes decisions aligned towards reaching their mission of “Giving people the power to build communities and bringing the world closer together. People use …show more content…

This organizational structure comprises of corporate functions: team based, geographic, and product based divisions. This form of organizational structure is appropriate for the company given its huge size, multiple office locations, both local and international, and its wide variety of products and services offered by the company including those offered by the companies owned by Facebook. Some of the main products and services offered by Facebook are: Facebook, Facebook messenger, WhatsApp, Facebook paper, an social magazine app for iOS, Facebook poke, an messaging app for iOS, Atlas which provides marketing services, Oculus products, and Origami, which is a free user for designing modern user interfaces …show more content…

As of current, the company has several plans to maintain its dominant position and venture into new markets and industries. One of these plans is to develop new and innovative ways to implement camera usage in the user’s daily news feed and timeline. The company also wants to create a virtual reality chat box, where users can meet up with friends and family to chat using a virtual reality technology in a virtual chat room. Since Facebook currently owns the world’s leading company in developing virtual technology, this plan of Facebook may become a reality sooner than we think. Another future plan of Facebook’s is that is that it wants to make its messenger app more than just an app for sending messages. It wants to develop the app so as to be more involved in its users’ daily lives, such as using the app to pay bills, directly order stuff from businesses and book plane tickets, like China’s WeChat app. With these ambitious future plans of Facebook and more in the making, the company surely seems that it will continue to maintain its position as the number 1 social media website on earth (Hern, “Eight visions of facebook’s future from its F8

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