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Geeky Financial Observations along the Digital Highway

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Social Media is NOT a Fad.

August 11th, 2009 · No Comments

Consider the following:

* By 2010, Gen Y will outnumber Baby Boomers — 96 percent of them have joined a social network.
* Social media has overtaken porn as the number one activity on the Web.
* One out of eight couples married in the U.S. last year met via social media.
* Years to reach 50 millions users: Radio, 38 years; TV, 13 years; Internet, 4 years; iPod, 3 years. Facebook added 100 million users in less than nine months; iPhone applications hit 1 billion in nine months.
* If Facebook were a country, it would be the world’s fourth largest, between the United States and Indonesia.

* Yet, some sources say China’s QZone is larger, with more than 300 million using their services (Facebook’s ban in China plays into this).
* ComScore indicates that Russia has the most engaged social media audience, with visitors spending 6.6 hours and viewing 1,307 pages per visitor per month — Vkontakte.ru is the number one social network.
* A 2009 U.S. Department of Education study revealed that, on average, online students outperformed those receiving face-to-face instruction.
* One in six higher education students are enrolled in online curriculum.
* Eighty percent of companies use LinkedIn as their primary tool to find employees.
* The fastest growing segment on Facebook is 55- to 65-year-old females.
* Ashton Kutcher and Ellen DeGeneres have more Twitter followers than the entire populations of Ireland, Norway, and Panama.
* Eighty percent of Twitter usage is on mobile devices. People update anywhere, anytime. Imagine what that means for bad customer experiences!
* Generation Y and Z consider e-mail passé. Boston College stopped distributing e-mail addresses to incoming freshmen in 2009.
* What happens in Vegas stays on YouTube, Flickr, Twitter, Facebook…
* YouTube is the second largest search engine in the world.
* Wikipedia has more than 13 million articles. Some studies show it’s more accurate than Encyclopædia Britannica. Seventy-eight percent of these articles are non-English.
* There are more than 200,000,000 blogs.
* Fifty-four percent of bloggers post content or tweet daily.
* Because of the speed in which social media enables communication, word of mouth now becomes world of mouth.
* If you were paid $1 for every time an article was posted on Wikipedia, you would earn $156.23 per hour.
* Facebook users translated the site from English to Spanish via a Wiki in less than two weeks and cost Facebook $0.
* Twenty-five percent of search results for the world’s top 20 largest brands are links to user-generated content.
* Thirty-four percent of bloggers post opinions about products and brands.
* People care more about how their social graph ranks products and services than how Google ranks them.
* Seventy-eight percent of consumers trust peer recommendations.
* Only 14 percent trust advertisements.
* Only 18 percent of traditional TV campaigns generate a positive ROI.
* Ninety percent of TiVo users skip ads.
* Hulu has grown from 63 million total streams in April 2008 to 373 million in April 2009.
* Twenty-five percent of Americans in the past month said they watched a short video on their phone.
* According to Jeff Bezos, 35 percent of book sales on Amazon are for the Kindle when available.
* Twenty-four of the 25 largest newspapers are experiencing record declines in circulation because we no longer search for the news — the news finds us.
* In the near future, we won’t search for products and services; they will find us via social media.
* More than 1.5 million pieces of content (Web links, news stories, blog posts, notes, photos, etc.) are shared on Facebook daily.
* Successful companies in social media act more like Dale Carnegie and less like David Ogilvy — listening first, selling second.
* Successful companies in social media act more like party planners, aggregators, and content providers than traditional advertisers.

Source: http://searchenginewatch.com/3634651.

Tags: Geek Speak

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