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SWOT Analysis of Facebook
SWOT Analysis of Facebook
Strengths:
In social media sectors, Facebook is one of the strongest brands in the world. It's a stable
and long-time sustainable brand in the social media industry.
Facebook has a portfolio product or service for its user. They are always trying to adding
different products to benefit their user. Like Messenger, Instagram, Whatsapp, etc.
Facebook has a huge amount of users. Forty percent of the world's population is involved
with Facebook in one way or another.
Different types of people can be connected and easily communicated.
Has a fruitful advertising business.
Weakness:
The user's account may be hacked. Their information has no privacy.
There is a fear of spreading rumors and fake news through Facebook.
Facebook is dependent on its advertisement marketing. About 98.5% of its income
comes from the advertisement.
Opportunities:
Facebook can increase product or service diversity portfolio.
Added different types of applications like surveys, podcasts, reviews, etc.
Gaining the trust of existing users by improving security management.
By introducing a new feature, Facebook can attract all kinds of people.
Threats:
Day by day increasing competitors
Facebook is currently banned in many countries around the world. It may be banned in
more countries in the future.
Increase more duplicate and false accounts
Introduce a new digital tax. Recently, some developed countries introduce a new digital
tax. For this reason, A portion of facebooks profits will be spent on paying digital taxes.