Facebook project

For the hegemony project we picked Facebook. Although Facebook is not a company like Disney or Viacom, it definitely has the potential to become a huge source of personal information for companies like these to use to their advantage.
We put together a poster with snippets of information, we all watched the movie about Facebook, then researched the companies involved with the funding of Facebook. I learned that many firms involved with the collection of personal information have focused their attention on Facebook. With Facebook now boasting over 40 million users, these companies feel compelled to be involved. With that amount of people at their finger tips, manipulation is quite easy.
This new form of medium is still in its beginning stages. Not many people know what the outcome will be. Although Microsoft has bought a piece of Facebook some people are skeptical about it. Social networks can lose their users as quickly as they gained them. With the emergence of a better social network, people may leave Facebook for that one, causing Microsoft to lose a lot of money.