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PROJECT MANAGEMENT
   PRESENTATION
         ON

  FACEBOOK NEWS
       FEED
ABOUT FACEBOOK

 Facebook is a social networking service launched
  in February 2004
 As of September 2012, Facebook has over one
  billion active users
 In April 2010 an estimated 41.6% (129.5 million) of
  the U.S. population had a Facebook account
 Facebook generates an annual revenue of $1.5
  billion
BACKGROUND

 Facebook was a young company at that time
   Had not been launched to public

   Running in many universities and schools

 Success of the photo application
 Search for new idea
FACEBOOK POSITION BEFORE LAUNCH OF
                NEWS FEED

 $800 million selling offer for such a young company
    as facebook
   Offer expected to rise upto $1 billion
   Open registration for public
   Internal pressure for selling the company
   Failure of news feed would shatter the company
NEWSFEED –LAUNCH AND INITIAL
                REACTION

 Announced on September 6, 2006
 Appears on every user's homepage and highlights
    information - each item named “story”
   Apparently Facebook’s users hated news feed
   Too easy for other people to track activities
   “Students Against Facebook News Feed” anti-news
    feed group
   Primary objection: shared too much information
IMMEDIATE COMPANY’S RESPONSE

 Mark Zuckerberg issued an apology for the site's
  failure to include appropriate customizable privacy
  features within a few days
 Open issue discussion-Free Flow of Information on
  the Internet
 Launched new privacy settings on Sept. 8
 Never considered turning news feed off
PARAMETERS THAT DETERMINED PROJECT
             SUCCESS

 The contribution of the innovators who envisioned
    the News Feed and the programmers who developed
    the evolutionary change in the facebook
   Contribution of CEO and the executive managers
   Internal criticism
   Faced the criticism but understood the irony of the
    situation
   Immediate change in privacy settings
STEPS THAT COULD HAVE BEEN INITIALLY
               TAKEN…

 Not sufficient consideration given in advance as to
  how this feature would impact user’s sense of privacy
 Should have taken initial feedback for the idea
 Privacy settings before launch
 Brief introduction in advance- as in graph search
CONTRIBUTIONS TO THE COMPANY

 Guideline for the young CEO
 Built confidence in the company-rejected the $1
  billion deal
 Privacy recognized as major factor by the company
 Modified news feed still a part of facebook.com
CONCLUSIONS

 “News Feed truly launched a revolution that
  requires us to stand back to appreciate”
                         - Ben Parr, developer of the
                   Students Against News Feed page
 Set pathway for future
 Facebook is one of the biggest social networks –
  implemented innovation in best way

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Project Management ppt on Facebook News Feed

  • 1. PROJECT MANAGEMENT PRESENTATION ON FACEBOOK NEWS FEED
  • 2. ABOUT FACEBOOK  Facebook is a social networking service launched in February 2004  As of September 2012, Facebook has over one billion active users  In April 2010 an estimated 41.6% (129.5 million) of the U.S. population had a Facebook account  Facebook generates an annual revenue of $1.5 billion
  • 3. BACKGROUND  Facebook was a young company at that time  Had not been launched to public  Running in many universities and schools  Success of the photo application  Search for new idea
  • 4. FACEBOOK POSITION BEFORE LAUNCH OF NEWS FEED  $800 million selling offer for such a young company as facebook  Offer expected to rise upto $1 billion  Open registration for public  Internal pressure for selling the company  Failure of news feed would shatter the company
  • 5. NEWSFEED –LAUNCH AND INITIAL REACTION  Announced on September 6, 2006  Appears on every user's homepage and highlights information - each item named “story”  Apparently Facebook’s users hated news feed  Too easy for other people to track activities  “Students Against Facebook News Feed” anti-news feed group  Primary objection: shared too much information
  • 6. IMMEDIATE COMPANY’S RESPONSE  Mark Zuckerberg issued an apology for the site's failure to include appropriate customizable privacy features within a few days  Open issue discussion-Free Flow of Information on the Internet  Launched new privacy settings on Sept. 8  Never considered turning news feed off
  • 7. PARAMETERS THAT DETERMINED PROJECT SUCCESS  The contribution of the innovators who envisioned the News Feed and the programmers who developed the evolutionary change in the facebook  Contribution of CEO and the executive managers  Internal criticism  Faced the criticism but understood the irony of the situation  Immediate change in privacy settings
  • 8. STEPS THAT COULD HAVE BEEN INITIALLY TAKEN…  Not sufficient consideration given in advance as to how this feature would impact user’s sense of privacy  Should have taken initial feedback for the idea  Privacy settings before launch  Brief introduction in advance- as in graph search
  • 9. CONTRIBUTIONS TO THE COMPANY  Guideline for the young CEO  Built confidence in the company-rejected the $1 billion deal  Privacy recognized as major factor by the company  Modified news feed still a part of facebook.com
  • 10. CONCLUSIONS  “News Feed truly launched a revolution that requires us to stand back to appreciate” - Ben Parr, developer of the Students Against News Feed page  Set pathway for future  Facebook is one of the biggest social networks – implemented innovation in best way

Editor's Notes

  1. Facebook is a social networking service launched in February 2004, owned and operated by Facebook, Inc. As of September 2012, Facebook has over one billion active users, more than half of whom use Facebook on a mobile device. Facebook has 138.9 million monthly unique U.S. visitors in May 2011.According to Social Media Today, in April 2010 an estimated 41.6% (129.5 million) of the U.S. population had a Facebook account. As per the statistics, facebook generates an annual revenue of $1.5 billion. Mark Zuckerberg has been the founder and CEO of the company ever since it was launched.
  2. Before the launch of news feed (September 2006), Facebook was running in different schools and universities and was not open to common public. It required an email id under the school/university site. Facebook had launched the photos application recently. Each person could include a “dashboard page” that showed which photo albums had recently been updated. The astonishing success of facebook’s photos application led to a bout of soul-searching at the company. The company’s young leaders came up with the idea to build a page called news feed as a part of social networking experience.
  3. Offers for selling the company were as high as $800 million for such a young company as facebook which was launched at Harvard 2 years ago. It was expected that if the news feed was a success, the offers would rise to $1 billion. Also, facebook was to open the registration for general public instead of only the students of some schools and universities in USA. Mark Zuckerberg did not wanted to sell the company but internal pressure for selling the company was increasing. If the news feed failed, it would shatter the morale of the company and the internal conflicts would go out of control.
  4. On September 6, 2006, a News feed was announced, which appears on every user's homepage and highlights information including profile changes, upcoming events, and birthdays of the user's friends. Facebook called each item on the news feed as “story”. Here started the biggest crisis for the company. Apparently facebook’s users hated news feed. News Feed made it too easy for other people to track activities like changes in relationship status, events, and conversations with other users. At NorthWestern University of Illinois, a junior named Ben Parr quickly created anti-news feed group “Students Against Facebook News Feed” as an immediate reaction to the launch of news feed. The primary objection to news feed was that it sent too much information about a person to too many people.
  5. In response, Mark Zuckerberg, the CEO, issued an apology for the site's failure to include appropriate customizable privacy features within a few days of the launch. He also called for an open discussion about the News Feed on the group and called it “Free Flow of Information on the Internet”. The company launched the new privacy settings on September 8. The company never considered turning the news feed off.
  6. The contribution of the innovators who envisioned the News Feed and the programmers who developed the evolutionary change in the facebook can not be ignored. But the major part in the news feed success was played by the CEO and the executive managers of the company. Their faith in the project and vision of Zuckerberg turned News Feed into one of the biggest success of the company. The CEO maintained a coolhead during crisis. In addition to the users, Zuckerberg also faced internal criticism from the staff. Despite the criticism, they saw one central irony about the episode: that the protest groups had grown very fast. People were joining the groups to protest News Feed because they were learning about them in their news feeds. The immediate response of the company in the form of change in privacy settings also contributed towards project’s success.
  7. Zuckerberg pushed for news feed out of his conviction that it was logically the next step for service. He did not give sufficient consideration in advance to how news feed would impact user’s sense of privacy, and more importantly, how it would make them feel. The initial feedback for the idea should have been taken before the launch and privacy settings should have been taken care of before it became an issue. A slow introduction to the project for the users should have been done as being done in the recent graph search feature.
  8. In planning for News Feed and his response to the revolt, Zuckerberg established a pattern he repeated for future controversies. Thus, the news feed acted as a guideline for the young CEO. The success of the News Feed gave the company confidence to advance further and reject yahoo’s $1 billion deal for selling the company. The site was launched shortly after the success of news feed to the common public and turned to be a successful social networking site. The company became alert regarding the privacy of the users and took it seriously in the future with a few mistakes like Beacon(2007). Privacy has been a major hurdle in facebook’s success and news feed gave an initial knock to the controversies. In March 2009, news feed was modified, called the “stream” where the content of the news feed depended on the result of the software that guessed what the user would be interested in based on the past behavior. Nevertheless, news feed continues to be a part of facebook. On March 7th 2013 facebook has announced a redesigned newsfeed.
  9. “News Feed truly launched a revolution that requires us to stand back to appreciate”- Ben Parr, developer of the Students Against News Feed page. The News Feed geared up the facebook’s success and set a pathway for the future projects of the company. The company today is one of the biggest social networks and has implemented innovation in a best way.