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Facebook Essay

3798 words - 16 pages

College Research Paper



1.0 Introduction
1.1 Key Questions
2.0 Methods
2.1 Primary Research.
2.2 Facebook Privacy Questionnaires.
2.3 Internet research from Facebooks own Help and Information pages
2.4 Confirm the validity of information obtained on Facebooks pages from alternative Internet resources.
2.4 Privacy issues and guides sourced from Library sources.
3.0 Results & Discussions
3.1 Facebook a short History
3.2 Survey Results
3.3 News Media discussion on Privacy/Trust
4.0 Further Discussion & Conclusions
4.1 Privacy
4.11 Facebook Adverts
4.12 Facebook Applications and 3rd Party Applications
4.2 Trust
4.3 Recent Events Regarding Privacy
4.31 ...view middle of the document...

Based on recent trends this usage is expected grow to as much as 50% within a year.

1.1 Key Questions

What are the risks of using Social Networking sites such as Facebook in regard to Privacy and Data Security?
Why do over 150 Million users [log in each and everyday, posting over 40 Million status updates, personal information, emails and online chat] trust Facebook with their personal data? Facebook Statistics. [Accessed December 2009]

To try and answer these questions and by narrowing down the subject by looking in more detail at Data Security and Privacy issues of one of the Social Network sites the research will be conducted upon Facebook. As Facebook is now the leading Social Networking site with the most users, now in excess of 350 million users (December 2009 figures).
What are, if any are the rewards in regard to Facebooks new Privacy features introduced in December 2009?

2.0 Methods

2.1    Primary research including personal experience of being a Facebook user, the interaction with a growing number of Facebook friends and by also drawing upon their experiences of being a Facebook user. Conducted through both informal and formal discussion groups and interviews.
2.2    The production of an Online Survey/Questionnaire using an external Website to gather data     on key Privacy and Trust issues.
2.3    Using the huge Resource which is the Internet. Research from Facebooks own Press,     Privacy and Statistics web pages.
2.4    Backup/Confirm the research conducted on Facebooks pages using other Media sources on     the Internet including the BBC, the Newspaper Media and the UK’s specialists Media pages.
2.5    Investigation from Library resources including books, journals and news articles.

3.0 Results

3.1 Facebook a short history

Facebook was started in February 2004 from a Harvard University dormitory by founders Mark Zuckerberg, Dustin Moskovitz, Chris Hughes and Eduardo Saverin. Funded initially by Peter Thiel a co-founder of PayPal is an Entrepreneur and Hedge fund manager who invested $500,000 in Facebook and currently sits on their board.
There were doubts surrounding the originality of Facebooks development following a claim from the founders of ConnectU citing Mark Zuckerberg of developing Facebook from their idea, an out of court settlement suspected of being in the region of $65 Million resolved this claim. By BRAD STONE – Facebook to Settle Thorny Lawsuit Over Its Origins. The New York Times – Published April 7, 2008, 8:46 am [Accessed December 2009]
Facebook is currently valued at $9.5 Billion having dropped to as low as $3.7 Billion at the start of the recession from a previous high valuation of $15 Billion placed upon it by Microsoft in 2007. Cade Metz. Facebook value plummets $5bn  [Accessed December 2009]
Within a year Facebook had grown to over a 1 million users in 2005 and today its membership...

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