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  • Essay / Facebook: Company Analysis: Summary: Facebook - 1129

    At present, the company has several plans to maintain its dominant position and venture into new markets and sectors. One of these projects involves developing new and innovative ways to implement camera usage into the user's news feed and daily timeline. The company also wants to create a virtual reality chat box, where users can meet their friends and family to chat using virtual reality technology in a virtual chat room. Considering that Facebook currently owns the world's leading company in the development of virtual technologies, this Facebook project may become a reality sooner than we think. Another future plan for Facebook is to make its messaging app more than just an app for sending messages. She wants to develop the app in a way that makes it more involved in its users' daily lives, such as using the app to pay bills, order products directly from businesses, and book plane tickets, such as the Chinese application WeChat. With these ambitious plans for Facebook's future and many more in the works, the company surely appears to continue to maintain its position as the world's number 1 social media site (Hern, “Eight Visions of Facebook's Future from its F8