The social media buzz may seem like a trend that may tail off soon, like other fleeting trends that aren’t worth investing in, but looking at some figures and understanding its influence will soon have you believing that it is here to stay.
The behemoth of the social media world is Facebook, there is no denying its power. There are over 500 million active users on Facebook–defined by the number of users who have returned to the site in the last 30 days. More than 70 translations are available on the site & about 70% of Facebook users are outside the United States. The average user has 130 friends and around 250 million log on each day. Facebook [online] Available: http://www.facebook.com/press/info.php?statistics#!/press/info.php?statistics (Feb. 4, 2011).
These facts are all staggering alone, but when you consider that all this growth has taken place in only six years it becomes especially significant. If this much growth can happen in that amount of time, imagine where Facebook will be in 10 to 15 years? It only stands to reason that it will have more influence on how we socialize, do business, advertise and connect to the world. For the most part, people are just now tapping into the gold-mine that Facebook provides. Its potential is far from being maximized. Most users have experienced the positive experience of finding old friends, seeing classmates of years gone by and even connecting with family members in other parts of the world. Specific pages have been set-up, making it even easier to find colleagues in your MBA program in Colorado or your PhD work at Purdue. (more…)
