Meta (Formely Facebook) is a popular online social networking service that allows its users to connect with friends and family and make new contacts. With over two billion active users, it is one of the most widely used social networking platforms. Meta allows its users to share photos, videos and news about their lives.
Meta was founded in 2004 by Mark Zuckerberg and his fellow students at Harvard College. Since then, it has become one of the largest social networking platforms with over two billion active users. Meta is available in over 100 languages and is used by people all over the world. Lets see overview of Meta Platforms before moving on to Meta Mission Statement.
Overview of Meta (Formely Facebook Inc)
As of July 2022, Facebook had 2.93 billion monthly active users and was the third most visited website in the world. It was the most downloaded mobile app of the 2010s.
Facebook can be accessed from devices with an Internet connection, such as PCs, tablets, and smartphones. After registering, users can create a profile in which they reveal information about themselves. They can post text, photos, and multimedia content that will be shared with other users who have friended them or, with different privacy settings, with the public. Users can also communicate directly with each other through Facebook Messenger, join groups with common interests, and receive notifications about the activities of their Facebook friends and the pages they follow.
Facebook has been the subject of much controversy and has often been criticized for issues such as user privacy (as in the Cambridge Analytica data scandal), political manipulation (as in the 2016 U.S. election), and mass surveillance. Facebook has also been criticized for psychological effects such as addiction and low self-esteem, as well as various controversies over content such as fake news, conspiracy theories, copyright infringement, and hate speech. Commentators have accused Facebook of deliberately encouraging the spread of such content and exaggerating the number of users to attract advertisers.
|Name||Meta Platforms ( Formely Facebook Inc.)|
|Geographic areas served||Worldwide|
|Current CEO||Mark Zuckerberg|
|Revenue||$ 117.929 (2021)|
|Profit||$ 39.370 (2021)|
Meta Mission Statement
Meta Platforms’ (Facebook) corporate mission statement is “Giving people the power to build community and bring the world closer together” This mission statement was introduced amid privacy and security issues when the company, doing business as Facebook Inc. did business with Cambridge Analytica. The company’s previous mission statement was “to give people the power to share and make the world more open and connected” The following points are included in Meta Platforms Inc.’s current mission statement:
- Giving people the power
- Building community
- Bringing the world closer together
Improvement of life: To fulfill this component of its mission statement, Facebook has incorporated several impactful programs into its platform to improve the lives of its customers. The presence of these programs and supporting activities shows that the company is more than just a platform for sharing information among its users. It is an institution whose presence puts a smile on people’s faces, regardless of where they are in the world. The Industry division, for example, connects people and companies with numerous opportunities that have a lasting impact on the lives of individuals and society in general.
Connecting the world better: Facebook has definitely exceeded expectations on this element of its mission statement. Its platform is an example of a modern, customized system for connecting people with others and with institutions. There are no limits to how people can relate to each other within this platform. The environment Facebook has created is exactly what the world deserves to continue to thrive as a global village.
Encouraging the exchange of ideas: In this component, Facebook continues to introduce a new feature that enhances the usability of its platform for constructive purposes. Through Facebook’s fundamentals and optimization mechanisms, users have unlimited opportunities to share their ideas with a wide audience.
Meta mission statement reflects the company’s focus on social networking and describes its activities when it was known as Facebook. This mission statement was used before the company changed its name from Facebook to Meta Platforms Inc. The first point shows the business purpose of providing “power” and refers to technologies that enable users to make social connections.
The second point of the company’s mission statement refers to Meta’s goal of enabling users to join and develop communities. Considering information technology, such communities are online or virtual, representing or complementing communities in the physical or real world, similar to the communities that have long existed on Facebook. The third point of the meta mission statement relates to the second point and shows the strategic goal of conquering the global market through activities in the metaverse, to which the corporate mission statement refers.
Also, Read Apple Vision Statement 2022.
Meta Vision Statement
Meta Vision Statement is “People use meta platforms to stay connected with friends and family, discover what’s going on in the world, and share and express what’s important to them.” The focus is on the impact the company is having in the social media space. In particular, the statement highlights social building and knowledge dissemination as critical factors Meta wants to be associated with. the mission statement has several main features:
Freedom of expression: This component is perhaps the most pronounced in this company’s vision. Meta has created an interactive platform that is free of speech impediments. On this website, users have the opportunity to express what they care about and criticize any issue that concerns them. The company’s mission is to help people have their voices heard and respected. The company’s rules and regulations for handling communication are among the most protective packages, and that has attracted billions of users to the platform.
Information Discovery: Meta shows that the company is more than just an interactive entertainment and social platform. The company has expanded its operations to include business and educational features to meet the diverse needs of its customers. In this way, there are no limits to what an individual can learn through Meta. For example, there is an area where users can learn consumer behavior, marketing trends, and many other skills through Meta blueprint.
Building family and friendship bonds: While Meta has incorporated interesting elements into its system, creating an environment where users can bridge physical barriers to foster relationships remains a top priority for the company. To achieve this, the form creatively integrates other social media sites like Instagram to ensure people can stay in touch at all times without limitations. The friendliness and ease of use of the text messaging and video calling features also help fulfill this element of the company’s vision,
Meta Platforms Core values
The meta- core values include “impact orientation, speed, courage, openness and social added value” Taken together, these values are crucial to the way the company runs its operations to reflect a standard of excellence.
Facebook places a high value on making a positive difference in society by encouraging its employees to focus on that outcome. The company’s progressive growth is directly related to the fact that it is not only matter-of-fact in implementing its strategies, but also confident and true to the social value demanded by its mission and vision.
Pingback: Walt Disney Mission Statement & Vision Statement Analysis - Business Mavericks