Facebook has aggressively moved to acquire other companies in recent years, most notably Instagram and What's App. Discuss the reasons why Facebook was acquiring other companies, and why may no longer have to be so aggressive in its acquisition strategy.
Imagine you are an advisor to Facebook. Offer examples of businesses that they ought to acquire and businesses whose products they should copy. Couch your advice in terms of how it enhances Facebook's network.
Facebook was a college project founded by Mark Zuckerberg in 2005 in his dorm room at Harvard. Over the years, it has grown to become the largest social media company on the planet. During its growth, it has deployed various strategies to ensure it remains at the top of the food chain in the social media space.
Answer and Explanation: 1
One strategy that has helped boost Facebook's growth in recent years was the acquisition of smaller companies that posed a great risk to its continued...
See full answer below.
Become a member and unlock all Study Answers
Try it risk-free for 30 daysTry it risk-free
Ask a question
Our experts can answer your tough homework and study questions.Ask a question Ask a question
Learn more about this topic:
fromChapter 26 / Lesson 5
Social media and online communities have been among the major platforms for connecting to other people. Learn about its definition, the history of its rise to popularity, and the use and purpose it serves in the lives of people.