Social Media is here to stay. What are you doing about it?

by David Toth on September 1, 2009

Ten months ago, I posted a presentation entitled Social Media, It’s not a revolution but a way of life.  This was back when Facebook only had 110 active million users.  Today, there are over 250 active million users on Facebook, over one billion photos are uploaded every day and ALL Fortune 500 companies are represented on the site.

Yet with all the numbers, statistics and facts showing social media is here to stay, many businesses, baby boomers and corporations have yet to embrace the revolution of the 21st century.

Currently, only 54 percent of Fortune 100 companies have a Twitter presence, while 29 percent have an active Facebook page and 32 percent have a blog.  Only 17 percent of Fortune 100 companies are using all three mediums.

It’s time to wake up and smell the World Wide Web.  Erik Qualman, the author of Socialnomics, recently published a video on YouTube called Social Media Revolution that highlights the explosive growth that social media has had over its lifespan.  (I’ve embedded the video on the right)  Sit back and observe the numbers and growth of interactions in social media and start asking yourself these questions:

  • Where is the first place you go to research a service provider?
  • Where is the first place you go when purchasing a product?
  • Where do you listen to music?

{ 1 comment… read it below or add one }

Joel Libava September 1, 2009 at 12:52 pm

Hi Guys,

Awesome post!

I just subscribed-keep it up!

The Franchise king
Joel Libava

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