Introduction about PESTEL Analysis of Facebook
The world's biggest social media platform, Facebook, with 2.89 billion active users worldwide, started its journey in 2004. Its founding members are Mark Zuckerberg, Dustin Moskovitz, Chris Hughes, and Eduardo Saverin. They established the organisation on 4 February 2004 while studying at Harvard University. As per a study, Facebook is also among the top 5 tech US companies like Google, Apple, Microsoft and Amazon. Thus, the PESTLE analysis of Facebook plays a vital role in determining the overall business operations of this social media platform.
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Our 5000+ stalwarts will draft an incredible PESTLE analysis of Facebook for you that will elaborate on various factors that hugely influence the company's growth. Your Facebook PESTLE analysis will always include the following crucial aspects-
Political Factors Important To PESTLE Analysis Facebook
You can stop worrying about your PESTLE analysis of Facebook when 5000+ PhD stalwarts of MyAssignmenthelp.com are by your side. They always ensure to incorporate the following points in the political analysis section of Facebook-
- Political stability in developed countries
- Popular government support for globalisation
- Political barriers in the Chinese market
- Political action on online data
Economic Factors Important To PESTLE Analysis Facebook
This segment of Facebook PESTLE analysis will incorporate crucial points like how Facebook has a hand in improving the economy and how the strong US dollar has led Facebook to lose more than USD 100 million worldwide. When you seek assistance for PESTLE analysis of Facebook from us, our writers also make it a point to meticulously elaborate on how Facebook's stock prices have dropped significantly since the summer leading the advertisers to jump ship and lose faith in the company.
Technological Factors In Facebook’s Business
Due to high acumen and considerable years of experience, our writers are well-versed that this part of the PESTEL analysis for Facebook outlines the social aspects that impact the brand hugely. Hence, as soon as you place an order with us, our stalwarts get ready to accumulate relevant information like-
- The social media market has become extremely competitive over the past few years. TikTok and Snapchat pose a serious threat to Facebook as the former has gained 1 billion users within a year.
- News like a security breaches, account hacking, and stolen data are becoming common on Facebook that can cause a bad reputation for the company. Thus, the company must make its server more secure so that such issues don't happen.
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Ecological/ Environmental Factors In Facebook’s Business
While preparing the PEST analysis of Facebook, the technological factor plays a crucial role. That's the key reason our stalwarts make a point to elucidate vital aspects like 'increasing emphasis on business sustainability 'laws regulating environmental pollution' and 'attitudes toward and support for renewable energy'. They know this information is essential to establish the credibility of your SWOT and PEST analysis of Facebook.
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What Are The SWOT Analysis Of Facebook?
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Our team of experts takes care of all the following aspects while presenting you with the best SWOT analysis of Facebook-
Are the intricacies associated with SWOT and PESTEL analysis of Facebook getting the better of you? No need to worry. Our writers will conduct extensive research to incorporate information like ‘As per an estimate conducted by Forbes at the end of 2019, Facebook ranked at 5th world's leading brands with a total worth of 88.9 billion US dollars proving it is a sustainable brand in the long term'. Get in touch with us if you need to deliver an exceptional PESTEL and SWOT of Facebook.
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If you are sceptical of the opportunities for Facebook that must be included in the SWOT analysis, then do not think twice before having a word with our stalwarts. We will ensure to incorporate the below-enlisted crucial aspects to leave your professors spellbound-
- The company's key source of income is an advertisement. If the company begins offering paid services like Facebook dating or business tools, then it would help the company to open another income source for the company.
- Facebook must consider competing with other brands like eBay, Netflix, Amazon, Apple, etc.
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Our team of stalwarts can run in-depth research on not just the brand in question but also its competitors to determine all the possible threats Facebook may face. They also include threatening aspects like new competitors of the brand and countries banning Facebook to make your SWOT analysis credible.
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How do Educational Factors Affect Facebook?
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Take a look at certain crucial educational factors our writers have dished out to help you deliver exceptional Facebook PESTLE analysis without any help-
- Facebook is used to establish connections with students and educators all around the world. The students can easily use it to communicate with other peer students and educational institutes. It also acts as the biggest platform where people regularly show information. Not only that, but students also can gather the latest news and headlines by simply following a Facebook page. All this uniformly boosts the reach of Facebook, thereby impacting it positively.
- On the other hand, Facebook causes addiction interrupting the focus of students. It also makes them anti-social and exposes them to numerous vulgarities. Again, some students also become subjected to cyber-bullying on Facebook. These lead numerous elders to oppose hugely against the widespread use of Facebook, thereby negatively impacting its reach of Facebook.Tension between China and Trump.
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Most Popular Questions Searched By Students:
Q1.Which factors affect Facebook?
Ans.The world's biggest social media platform, Facebook, with 2.89 billion active users worldwide, started its journey in 2004. The various factors affecting Facebook are political, economic, social, technological, legal, and environmental.
Q2.What is PESTLE analysis? Explain briefly.
Ans.A PESTLE analysis studies the key external factors like political, economic, sociological, technological, legal and environmental that hugely influences an organisation. It can guide professionals and senior managers in strategic decision-making.
Q3.What are social factors in PESTLE analysis?
Social factors in the PESTLE analysis incorporate cultural norms and expectations, health consciousness, population growth rates, age distribution, career attitudes, health and safety. These factors are incredibly helpful for companies to better plan for their marketing analytics and strategy.
Q4.What are the six areas of PESTEL analysis?
Ans.PESTLE analysis often referred to as the PEST analysis, is a concept in marketing principles. The six areas of PESTEL analysis are political, economic, social, technological, legal, and environmental.