Couples and Social Networks

Imagine you tracking your spouse using social networks, I found this cartoon interesting showing what may happen when couples rely too much on social networks to make it work, Enjoy :)

Facebook to make $1 Billion this year

The Social Network giant Facebook has released some financial numbers showing that it may eventually meet its revenue target of $1 Billion this year.
The company made an upward revenue of $700 Million last year 2009 and its expected to have an increase of $300 Million this year.
The break down for the last year revenue included brand advertising making up to $225 Million and performance marketing adding $350 Million to the company, the details stated that Microsoft adverts alone brought in $50 Million and this will increase.
The company this year is planning to introduce credit the use of virtual currency to purchase anything from games, applications and so on on facebook, the effect of this will definitely increase the revenue of the ubiquitous social network for the current year and other years to come.The revenue growth of Facebook has usually doubled every following year.

Social Networks becomes the life line in disaster situations

Haiti, Peru, China have had there share of earthquake in this year, many people have lost their life and many have been rescued, relief agents have work tirelessly to get help to distressed people, but one platform that is helping the rescue mission is Social Networks, when telephone lines are damaged and the means of communication is cut off, one platform that seems to be reliable is now social networks, people share from text, video and voice to give a clear picture of the situation and that has helped saved many lives, helped get the word out to the world in minutes about the true situation and helping to save thousands of lives which might have been impossible in the past.

Social Networks and Viral Marketing

Social Networks has been around for a while and this medium has become a very significant way of communication between people, Social networks is rated as next to Television in terms of the number of people that are on the platform, this definitely provides a great platform for marketers to explore and use to reach people and this type of marketing is called Viral Marketing the use of social networking to reach current and potential customers.

Many companies have extended their marketing channels to social networks, creating fan page, creating different groups for people to join, starting marketing campaigns and using the platform to get people to be part of it.

For instance recently the Volkswagen corporation started a marketing campaign called the fun theory, it got people involved in created different innovative ways of making people do hard things and still have fun doing it, like cleaning up your room and still have fun doing it. Social networks was one of the way to get people to join and be aware of the concept the company was trying to introduce. To read more about the fun theory go to http://www.thefuntheory.com/