While listening to the EOTO presentations, I was really intrigued by what I heard about how Facebook was created and has impacted the world. Facebook was founded by Mark Zuckerberg, along with his college roommates, in 2004. Initially, it was created as a social networking website for Harvard students, but later it was opened to other universities and eventually to the public. Positively Facebook has changed the world in several ways, firstly improved connectivity. Facebook has made it easier for people to connect with each other regardless of their location through messaging, video calls, and groups. Secondly, sharing information, Facebook has become a popular platform for sharing news, opinions, and ideas with others, allowing people to keep up with current events and stay informed. Lastly, another positive impact explained in the presentation was the business opportunities Facebook has created; it has opened up new business opportunities for small and large businesses, as it provides a platform for them.
Another presentation I found that was done really well, was the one about Netflix. Netflix was founded by Reed Hastings and Marc Randolph in 1997 as a DVD-by-mail rental service. It allowed subscribers to rent DVDs online and receive them by mail, without having to visit a physical rental store. And over time, Netflix evolved its business model to include online streaming of movies and TV shows, which is now it's primary offering. During the presentation, several impacts were explained, such as Netflix providing convenient entertainment. Netflix provides users with the ability to stream TV shows and movies from the comfort of their own homes, at any time they want. This has made entertainment much more convenient and accessible to people all over the world. Also, Netflix has what's called a global reach, meaning it is available in over 190 countries, making it possible for people all over the world to access and enjoy the same content. The last thing I'll point out is that Netflix has increased the competition in the streaming market; this could be considered a bad or good thing. It's bad for smaller/independent businesses trying to compete with Netflix, but it's good for the consumer because competition always benefits the consumer in the end.
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