Facebook

Company Score

-1.35
Industry Software & Services
Country United States
Year Added 2018
Impact Ratings 1215
Impact Notes 24
SDG Covered 9 out of 17

Facebook, Inc. is a worldwide social networking company. It engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. Enabling users to share opinions, ideas, photos, videos, and other activities online. Products include Facebook, Instagram, Messenger and WhatsApp and it was founded by Mark Elliot Zuckerberg. Facebook is the third most valuable brand in the world and it employs over 33,000 people.

Read about Facebook and its impact below.

Impact notes

Peace, Justice and Strong Institutions

FB repeatedly fails in ensuring user privacy by invading multiple times into user’s personal data

Profile Prachi Maulingker
Icon time Tue Mar 30th, 2021 at 8:46am

As of Jan 2021, the world had nearly 4.66 Bn active internet users globally, accounting for 59.5% of the global population1. According to a study, nearly 80% of social media (SM) users worry about personal data being accessed & used by advertisers and businesses3. Loss of data privacy is a major problem that impacts global internet users every year2. Of those who have been victims of online data stealing, an estimated 27% suffered a loss between $100 to $10,000 or more2.

Industry, Innovation and Infrastructure

World’s 2nd most popular social media platform, Facebook, fosters businesses

Profile Kanak Gupta
Icon time Wed Mar 24th, 2021 at 11:09am

One of Social media's advantages is that it allows businesses to expand and venture into new dimensions1, making it easier to access a broader audience. Globally, there are over 3Bn people who use social media1. Research shows, 71% of consumers recommend the brand if they have had a good social media service experience1

Peace, Justice and Strong Institutions

Facebook allowed Chinese Communist Party to promote Uyghur disinformation for $400

Profile Khadija Rahman
Icon time Fri Mar 19th, 2021 at 2:54pm

The ILO estimates that over 24.9 Mn people are subjected to forced labor2. Around 4.1 Mn people (17%) are under state-imposed forced labor2. Over $150 Bn in illegal profits comes from forced labor, out of which $99 Bn comes from sexual exploitation, while $51 Bn comes from exploitation through economic activities, among others2.

Peace, Justice and Strong Institutions

Fake news spread through Facebook and WhatsApp lead to breakouts of violence in India

Profile Paushali Bhattacharya
Icon time Fri Mar 19th, 2021 at 10:46am

In 2019, a survey of English-language internet users in India found that 52% of respondents got news via WhatsApp and Facebook5. Research shows that WhatsApp is a major source of fake news and disinformation, as one out of 2 users in India receives fake news from these sources6.

Peace, Justice and Strong Institutions

Facebook owns the four most downloaded apps of the past decade. Now it's facing an antitrust suit.

Profile Juan Paulo Pérez Tejada
Icon time Mon Mar 8th, 2021 at 9:20am

Anti-trust enforcement in the United States has declined from 593 in 1971 to 100 in 20171, leading to a higher market concentration2;p2. The decrease of competition 2;p1 harms innovation, wages, and productivity growth2;p1-17. However, how market concentration affects consumers when the service is free-fee is still discussed2;p17. Huge control of information is one of the concerns6.