The 50,000 million USD in which the social networking site, Facebook has been valuated after the entry of an investment vehicle from Goldman Sachs financial have returned some “internet bubble” déjà vu feelings to the market: Companies only measured on their number of users, their growth or their ability to serve as a gateway to the Internet and the irrational interest from investors to participate in their capital structure.
Telefonica has been trying different strategies to tap into the exponential growth of social media phenomenon. And tt seems like this time they are making their biggest bet in this area by acquiring 90% of Tuenti, the second largest social networking site in Spain for 75 Million Euros.
GlaxoSmithKline, The pharmaceutical giant, has decided to open to public the design of 13,500 chemical compounds that could inhibit malaria, In order to foster collaboration among scientists and researchers interested on developing a drug that can control this disease. The malaria is a condition caused by parasites which are transmitted to the human blood through a mosquito bite. It is one of the world’s biggest health problems with more than 210 million cases annually. Most of these cases affect poor countries where people live with less than 1USD per day.
According to data provided by comScore regarding digital advertising spending for the first quarter in the U.S., Facebook could reach a advertising revenue potential of $ 1,500 million USD during this year. Additionally, the Social network sites is leading online advertising impressions in the U.S.
comScore latest social networking market study found that more than 30% of smartphone users accessed social networking sites via their mobile phones in January 2010 , up 36% compared to 22.5% one year back.
Digital fashion come and goes and in some cases generates a great social phenomenon which soon disappears as if they never existed. Although nowadays everyone is shocked about social networking exponential growth and relevance in our daily life, it is also interesting to analyze the latest data on active accounts. This data confirms that social networks are still on a bullish period; living a golden age, even do tough times come ahead.
More than five hours per month is the average time each person with internet access around the world remains in social networks, according to media consultancy and market research company Nielsen.
Facebook’s owner Mark Zuckerberg says that privacy norms have radically shifted during the last 6 years due to the rise of social networking sites.
During last year, social networks became a key channel for influencing and establishing a two ways communication between brands and consumers. Many companies tried to adapt themselves to this media paradigm shift by positioning their brand in the social graph.
Facebook is becoming a productivity nightmare for employers at companies in India, as employees have started spending too much time on the biggest social networking site. A new survey revealed that it is beginning to affect efficiency at work. continue reading »
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