Facebook is a dominant player in the social media industry, but it is not considered a monopoly as there are other competitors in the market such as Twitter, Instagram, and Snapchat.
Facebook is considered a monopoly in the social media industry because it has a dominant market share and significant control over the industry, making it difficult for other social media platforms to compete effectively.
Yes, you can call Facebook social media as that is what it is classified as.
It is a web based social network where you socialize with your friends and more. In terms of it's revenue generation as a business I would say advertising. Its in the media industry....interactive online media.
The key influences on the Hospitality and Catering industry are:The customersSocial trends: Healthy eating, social sitesCultural and religious trends: ImigrationInflationTechnolodgy: Social media(Facebook, Twitter), Bloggeres, Kitchen equipmentsRegulationsCulinary achievers in the: Media, T.V, Newspapers and critics
Facebook.
Facebook is considered a monopoly because it has a dominant position in the social media market, with control over a large portion of users and advertising revenue. This impacts the digital landscape by limiting competition and potentially stifling innovation, as smaller companies may struggle to compete with Facebook's vast resources and user base.
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Social media websites such as Facebook, Twitter and Google+ offers the use of online friends. There are many more ways to use social media as a tool, such as tweeting and using Facebook as a knowledgebase.
create a page on social media sites such as Instagram, facebook, etc