More Americans turning to Twitter and Facebook to 'read' daily news

The social media networks have so much become part of our lives that now people are turning toward these even to update them on daily news rather than the usual newspapers.

A study conducted in USA reveals that 8% Americans get their news from Twitter. People who are younger, more educated and more mobile than the 30% of Americans who get their news on Facebook.

Half of the 16% of U.S. adults who use Twitter get their news on the social network, according to the study, which was published by the Pew Research Centre on Monday, the second in a series of studies analysing the relationship between social media and news.

The study reveals other differences between Twitter and Facebook users in the ways they consume news. On Twitter, 85% of users read the news on mobile devices "at least sometimes," a larger percentage than Facebook users (64%).

Read more about it at: Mashable
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Facebook IPO Filing Reveals Its Stunning Financial Size

Do you know how big Facebook is? Well for sure we know by the size of its viewers and members, which run into countless millions. But a majority would not know its financial size.

The recent filing of papers for IPO (Initial Public Offering) by Facebook Monday has however let the secret open. What started from a ordinary home, the Facebook has turned into the world's leading and most liked social media network. Anyone using computer is least likely not to be member of Facebook.

And when Facebook seeks to raise $5 billion in an IPO, it should not surprise us for we know its size could have amassed fortunes. 

Facebook CEO and co-founder also enjoys the use of a private plane, and earned a base salary of $500,000 last year, more than triple the salary of Google co-founders Larry Page and Sergey Brin when Google filed for its IPO.

Read more details: Huffington Post

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Facebook Shrinks Its IPO

Facebook will file to go public tomorrow morning, IFR reports.

Facebook was expected to try and raise $10 billion, but IFR says that number has been reduced to $5 billion. The plan is to see how that goes and possibly raise more later.

Facebook is playing a psychological trick here, hoping to stir up demand for its stock by limiting supply, says Mashable.

Read more: Business Insider

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Think before you "Like" on Facebook

[ via Reuters ] 30 Dec

The Facebook 'Like' Button - something that that has become a social-media arms race among corporations, to see which can amass the greatest number of online followers.


"It's become a real competition between companies to grow the size of that number, and to have more fans than your rivals," says Matt Simpson, marketing director for Phoenix-based Bulbstorm, which develops social-media apps for companies such as NBC and World Wrestling Entertainment.


For instance, if you "Liked" Toys 'R Us before Thanksgiving, you got a shot at a limo ride, a $1,000 shopping spree, and exclusive store access before its doors opened for Black Friday sales.


As a result, in the third quarter of this year, an average of 100 million "Like" buttons were being clicked on Facebook every day. That's double the amount of liking going on, compared with the same period last year.


Corporations are doing this for a reason, of course. They're building marketing lists, they're aiming to boost sales, and they're planting themselves in users' news feeds.


Read more details on Like: Reuters

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Facebook 2012: What the Future Holds for the Social Media Powerhouse

[ via Mashable ] 30 Dec

Going public is clearly the biggest thing on tap for Facebook in 2012, but the world’s most populated social network and its users have a lot to look forward to over the coming year. 

From the maturation of Mark Zuckerberg as a leader to Facebook’s growth as a media platform to a looming collision with the world’s biggest tech companies, 2012 is poised to be one of the most important years in the company’s short history.

Read on for predictions for Facebook’s upcoming year by Mashable:

• The IPO
• The Next Steve Jobs?
• Facebook vs The World
• Facebook Becomes the Media
• The Future of Timeline

For details on each above, read full story at: Mashable

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Pinterest: A Beginner’s Guide to the Hot New Social Network

You've probably heard a lot about Pinterest over the last few months. Not only has the company received $27 million in venture funds, but the site’s popularity has exploded from 1.2 million users in August to over 4 million today.

Pinterest is a place to organize and share online images that you find interesting or inspiring. Once uploaded or shared on Pinterest, these images become known as Pins, which the user can place on customized, themed Boards. You can create Boards for any topic imaginable, from cats to classic cars to cats driving classic cars. The possibilities are endless.

If you want to check out Pinterest, though, you have to be invited. You can sign up for invites on the site (prepare for a wait), or chances are you already know a Pinner who will gladly send you an invite.

Read more about Pinterest at Mashable

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Can online Social Media Networks get you a Job?

[ via Mashable ]

Today there is a craze of finding jobs using the Socila Media Networks on the internet. More and more job seekers turn to these networks to find a suitable job - but is it really so?

A recent survey has some revealing information to announce.

As can be seen from above survey, while majority of job seekers get jobs from the more ocnventional means, some 16% job seekers find Online Social Networks as their helpers in finding a suitable job.

What is the breakdown of the 16% - read the full story HERE and see which social media networks is on top of other.

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Facebook IPO sparks dreams of riches

[ Reuters ] 10 Dec

Traveling to space or embarking on an expedition to excavate lost Mayan ruins are normally the stuff of adventure novels.

But for employees of Facebook, these and other lavish dreams are moving closer to reality as the world's No. 1 online social network prepares for a blockbuster initial public offering that could create at least a thousand millionaires.

Read full details Here.

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7 Projects that Google has Sheleved

Full Story / Slide Show: The Times of India

It's spring cleaning time at Google as it is pulling the plug on seven projects. The plans, which Google announced on its corporate blog, represent the third so-called "spring cleaning" announcement that Google has made since Google co-founder Page took the reins in April. 

The cleansed projects include:

Renewable energy

Google Knol

Google Search Timeline

Google Gear

Google Friend Connect

Google Bookmarks Lists

Google Wave

Read full story for a slide show on details about above listed seven projects

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Facebook Phone Codenamed “Buffy” Coming Next Year

Full Story: Chip Hazard / Wahaab JB 22 Nov

Facebook is reportedly working with the mobile manufacturer HTC on its first official mobile phone code-name ”Buffy” reports Chip Hazard.

A spokesman for Facebook told AllThingsD :-

Our mobile strategy is simple: We think every mobile device is better if it is deeply social. We’re working across the entire mobile industry; with operators, hardware manufacturers, OS providers, and application developers to bring powerful social experiences to more people around the world.

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Google+ Finally Welcomes Brands

[ Full Story: Huffington Post ]

After lot of criticism for not providing companies to advertise their brands on Google+ pages, the decision finally comes five months after its launch in favour of brand on Google+ pages.

In a blog posted November 7, Google announced that it would be rolling out the new featureworldwide starting "today," noting elsewhere that "any organization will soon be able to join the community at plus.google.com/pages/create."

The decision will go a long way in improving the image and appearance of the Google+, which so far looked lifeless. And it is really intended to counter Facebook, then allowing the voice of any public figure or organization will be a step towards the right direction.

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