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Explain the Classification of Social Media Platforms According to Kaplan

question 3

Essay

Explain the classification of social media platforms according to Kaplan and Haenlein (2010) and how each type of social media platforms relates to the emergence of social media storms?


Definitions:

Face Value

The nominal value or dollar value stated on a financial instrument, such as a bond or stamp.

Dollar Amount

A monetary value stated in terms of the currency unit of the United States, the dollar.

Interest Earned

The income received from an investment, usually expressed as an annual percentage of the principle.

Callable Bonds

Bonds that have a provision that the issuer can repurchase, or call in, the bonds at specified dates if the board of directors authorizes the retirement (payoff) of the bonds before their maturity date.

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