Categories: All - politics - economy - depression - advertising

by Steven Zheng 6 years ago

164

Social Media

Social media has become deeply embedded in the global economy, with platforms like Facebook valued at half a trillion dollars due to their data collection capabilities. These platforms enable targeted advertising by leveraging data sets derived from user interactions.

Social Media

Social Media: The Foundation of the Modern World

The Political Power of Social Media

Authoritarian Regimes are also Capable of Effectively Using Social Media Politically or to Stunt Change
public access to internet may strength the regime people hate
government easily manipulates web (Shirky)

Censorship

Public Can Use Social Media to Effect Political Change
social media used to organize rallies to try to more effectively affect politics (Loader et. al)

rallies only attainable through relationships built through social media (Chayko)

Joseph Estrada being convicted (Shirky)

Social Media & the Economy

Social Media Harms Economy
$1 trillion annually for depression b/c of social media (Jezard)
$210 billion in the US b/c of depression (Shensa et. al)
Damages world economy
Social Media Benefits Economy
"economy cannot exist without working phones" (Shirky)
Facebook worth half trillion dollars b/c it's good at data collecting (Magdrial)
"likes and social graphs are data sets" (Gehl)

These data sets easily help advertise to millions

Heavily intertwined with global economy