New York: CEO of social networking giant Facebook Mark Zuckerberg declared that he and his wife Prisicilla are soon going to be parents to a girl.
“We have already been so fortunate for the opportunity to touch people’s lives across the globe- Cilla as a doctor and educator, and me through this community and philanthropy,” he posted on his Facebook account.
During the announcement, Zuckerberg said that during a recent ultrasound, his daughter held her hand in a thumbs-up “like,” mimicking the icon for the ubiquitous feature used on Facebook. “I’m already convinced she takes after me,” he said.
More than 227,610 Facebook users, including company COO Sheryl Sandberg, liked the post within the first hour of its being posted, CNET reported.
“Cilla and our child are both healthy, I’m extremely excited to meet her and our dog Beast has no idea what’s coming,” Zuckerberg said.
As part of Friday’s post, Zuckerberg got very personal, revealing that he and his wife went through three miscarriages over the past couple of years as they tried to have a child.
“Most people do not discuss miscarriages because you worry your problems will distance you or reflect upon you — as if you’re defective or did something to cause this. So you struggle on your own,” he said.
“When we started talking to our friends, we realized how frequently this happened — that many people we knew had similar issues and that nearly all had healthy children after all. We hope that sharing our experience will give more people the same hope we felt and will help more people feel comfortable sharing their stories as well,” Zuckerberg wrote in the post.
Facebook which accounts for 75 per cent of global ad spend that is likely to hit $110 billion by 2020 is nowhere near an immediate demise and government regulations would only strengthen the social networking giant in the short term, a new Forrester research has forecast.
However, Facebook’s push to become China’s WeChat — more than a messaging app and is full of capabilities to make life easier for its one billion users — would be its undoing.
Facebook‘s no-good-very-bad 2018 may have meant an overworked PR team but the social media behemoth is doing just fine.
It continues to report steady user and revenue growth: a 9 per cent year over year increase in users in Q4 2018 and a 30 per cent increase in revenue in the same time-frame.
“The three parties that could impact Facebook the most — users, brands and regulators — will move too slowly for it to feel any instant impact,” said Jessica Liu, Senior Analyst, Forrester.
The coming years won’t be easier, but the social media behemoth won’t suddenly collapse either, as many predict.
“But while Facebook’s short-term outlook might be fine, its long-term outlook is bleak,” Liu added
Despite constant negative news last year, Facebook continued to report strong quarter-
over-quarter user and revenue growth. Brands that mishandle their own users’ data and fail to inform them typically falter.
While these users and advertisers could affect change at the social media giant immediately, they won’t, thus allowing it to continue to defy the odds.
“Enacting and enforcing regulation takes so long that Facebook will be able to shore up its assets and unique advantages in the short term and eliminate any vulnerabilities before serious user, advertiser, or regulatory changes materialize,” Liu emphasised.
The social networking giant with over two billion users globally, is facing regulatory challenges as the Cambridge Analytica scandal has exposed its lapses of data privacy and security.
The downfall for Facebook, said Liu, would come with its desire to build an all-inclusive social media experience, as its CEO mark Zuckerberg is planning to merge all apps like Messenger, WhatsApp and Instagram into one.
“Facebook’s hope to recreate WeChat, China’s largest messaging app turned all-in-one portal
to the Internet, presents long-term challenges,” Liu added.
WeChat primarily operates in a single country’s political and regulatory environment.
“Facebook will need to tack on products and services to fulfill its one-app vision while global regulators threaten antitrust. It will also grapple with protecting user privacy globally while appeasing advertiser appetite for hypertargeting,” Liu noted.
As people become increasingly aware of social media’s harm, social media will lose its lustre.
“History has taught us that existing apps max out and then decline as users tire of the services or the company (like AOL, MySpace, Friendster). The Facebook app is already experiencing this; Instagram and WhatsApp will follow in a natural peak and then eventually decelerate, too,” Liu commented. (IANS)