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Sunday, June 23, 2024

How Facebook is Monopolizing Internet

The social network Facebook is the largest in the world, with a monthly audience of 2 billion users. The resource was founded by Mark Zuckerberg and his friends while studying at Harvard University in 2004. The social network is officially owned by Facebook Inc., which also owns WhatsApp and Instagram.

Facebook has a history of breaking into new technologies and chasing different mediums that have attracted users, especially if those audiences are young. Mr. Zuckerberg bought the photo-sharing site Instagram, the messaging app WhatsApp when all were small start-ups.

Facebook bought Instagram for around $ 1 billion in 2012 and WhatsApp for around $ 22 billion in 2014. Both services now have well over a billion users. Mark Zuckerberg had also tried to buy the Snapchat photo app. However, their founders rejected the offer.

Facebook is also known in Silicon Valley for being willing to clone its competitors. Instagram in 2016 copied one of the marquee features of rival Snapchat, Stories,”which allow users to share ephemeral videos and photos. Last year, Instagram debuted Reels, a TikTok-like video product. When the teleconferencing service Zoom became popular last year, Facebook quickly created Rooms, a group video chat service. And this year, they have started working on an audio chat product that is similar to the popular young app Clubhouse.

Clubhouse, a social networking app, has gained buzz for letting people gather in audio chat rooms to talk about various topics. Mark Zuckerberg, Facebook’s chief executive, has been interested in audio communication forms, said the people with knowledge of the matter, and he appeared in the Clubhouse app on Sunday to chat about augmented and virtual reality.

Facebook executives have ordered employees to create a similar product, said the people, who were not authorized to speak publicly. The product is in its earliest stages of development, they said, and the project’s code name could change.

Right now Facebook have the information about our location our interest in music food and places which we have visited as people are very socially active about there life. They want everyone to know what going on in there life without giving it a second that it might affect their privacy. Thus by having all the apps under his name will Facebook be able to take over the internet.

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