Facebook made about $90 per user in the US and Canada last year.
China is implementing a ‘Citizen Score’ system where you will be ranked against your peers to determine if you are a good citizen or not. Your score will also be affected by the types of people you socialize with.
In 2015, Facebook canceled Harvard student’s internship after he highlighted a massive privacy issue.
France banned mentions of Twitter and Facebook on TV and radio, as in “Follow us on Twitter” or “Like us on Facebook” because they were deemed as promotion and unfair to other sites.
You can be denied a loan because you’re unpopular on Facebook. A San Francisco-based start-up LendUp checks the Facebook and Twitter profiles of potential borrowers to see how many friends they have and how often they interact; the company views an active social media life as an indicator of stability.
The web app now pulls data for people on social media sites. It crunches all of the information, highlights topics where people are most influential, and generates a score for everyone between 1 and 100. The higher the score, the more influential a person is. Marketers use these scores to target their ads to industry leaders, whether it is a mom who has pull in her town’s PTA, or a CEO running a big-name company.
MySpace was purchased by News Corp for $580 million in 2005 and sold by News Corp for $35 million in 2011.