Topic > Facebook: Company Analysis: Summary: Facebook - 1129

Currently, the company has several plans to maintain its dominant position and venture into new markets and sectors. One of these plans is to develop new and innovative ways to implement camera usage into your daily news feed and timeline. The company also wants to create a virtual reality chat, where users can meet up with friends and family to chat using virtual reality technology in a virtual chat room. Since Facebook currently owns the world's leading virtual technology development company, this Facebook plan could become a reality sooner than we think. Another future plan of Facebook is to make its messaging app more than just an app for sending messages. It wants to develop the app to be more involved in its users' daily lives, such as using the app to pay bills, directly order things from companies and book airline tickets, like the Chinese app WeChat. With these ambitious future plans from Facebook and others in the making, it certainly seems like the company will continue to maintain its position as the world's No. 1 social media site (Hern, "Eight Visions of Facebook's Future from Its F8