Does Social Media Have the Power to Deteriorate the Economy?

More than half of office workers use sites like Twitter and Facebook for personal use during the working day, and admit wasting an average of 40 minutes a week each.

One in three of the 1,460 office workers surveyed also said they had seen sensitive company information posted on social networking sites, leading to fears about how workers use the internet.” ~ according to The Telegraph (article linked to below)

If Twitter ‘costs British economy £1.38bn’, then how much is the total economic cost of using social media in other countries worldwide? Consequently, in the long run, does social media have the power to deteriorate the economy in general? And is social media to blame for information leakage and lack of privacy?

World Economy

World Economy

I Told You So! Or Did I?

In recent posts, I have discussed the power of social media both positively and negatively. May it be in terms of its privacy concerns, the personal safety threats it represents or its ability to motivate us to waste time, social media has been blamed for almost every mishap in our lives since Web 2.0.

However, when it comes to actual facts, figures and numbers, I highly doubt that it is a true statement that social media does have the ability to actually hurt the economy! Here is why:

  1. There WAS technology before Web 2.0 & social media; we were not living in the dark ages! Whether we used to spend hours sending e-mails, making phone calls or just sending messages via our mobile phones, there has always been a reason or a way to waste time! Before the mobile phone, there were landlines, before those, there was the television and so on so forth!

5 Tips for Artists to Create their 1000 True Fans

Scoial Media Networks

Scoial Media Networks

All artists might already be swimming in the social media sea; they have already befriended thousands upon thousands of people on MySpace and Facebook. Moreover, they are already spamming every denizen on the web with posts and message about how great they are and how people should vote for them on the latest Facebook competition. Somehow all those people who think this is the way to deal with social media are mistaken. They tend to miss the point completely.

An up and coming artist will need to work hard on earning their true fans. Even 1,000 true fans is great and will be able to sustain the artist on a pretty good living standard. That might be a surprise, but a true fan is the person who will not only buy the artist’s work, they will buy the special editions, attend the gigs and if, given the opportunity, would buy the kitchen sink as well. So, if we say that a true fan will contribute a $100 of their income per year towards that artist, the artist will be making a $100,000 a year.

So how to earn those true fans?

Stephen Fry: Impressive Reflections on Social Media [videos]

Social Media has impacted human societies in many different way, some people tend to resist changes that impact society fabrics and others focus on how the new youth generation behaves. Social Media has also been a force for democracy, it empowered people to have their own broadcast channels. Stephe Fry, the famous British author reflects on all of that in this video interview.

Interesting: The Boom of Social Sites Visualized [image]

Do you think there are many other active social communities that we don’t know about? How many of them can help your business? And what is the best way to choose between them to best fit your business needs?

Google Social Search: What a criminal wants? [video]

Google social search: Google's latest search experiment. Does it make the Web a bit less safe?

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Social Media: Might be the Devil, but it’s not the Reaper!

Social Media: Might be the Devil, but it’s not the Reaper!

Blood Donors in Lebanon Facebook Group

Despite all the negative publicity about social media in relation to privacy related issues, intrusive advertising and safety problems, recently, I am developing this feeling that social media is currently specializing in creating opportunities to save lives more than take them!"

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HOW TO: 10 Ways You Can Contribute to the Climate Change Movement #BAD09

HOW TO: 10 Ways You Can Contribute to the Climate Change Movement #BAD09

350.org

10 ways you can use the Web and social networking sites to make your voice heard and support the Climate Change Movement. This post is published on the 15th of October, Blog Action Day 2009.

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50 Top Noise-Free Twitter Tips in Social Media, Marketing, SEO & Design! Part 4

50 Top Noise-Free Twitter Tips in Social Media, Marketing, SEO & Design! Part 4

Quick Twitter Tips

Below you will find our fourth specialized well researched list of 50 Top Twitter Tips and Links divided into 5 distinctive categories: 1) Social Media & Technology, 2) Marketing & Advertising 3) Design, 4) SEO, 5) Motivational & More.

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Google Wave: First Impressions from Real People, Not “Experts”

Google Wave: First Impressions from Real People, Not “Experts”

Google Wave, another screenshot

In case you've been living under a rock & haven't heard, 100,000 invitations to try out the much-hyped Google Wave were sent out last week. @bkmacdaddy sheds some light on his experience of Google Wave.

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5 Feel Good Things You Can Do on the Web!

5 Feel Good Things You Can Do on the Web!

Wikipedia

... my findings give the impression that, if anything, the internet enabled many acts of kindness to occur. According to some, the whole internet could collapse if it weren't for those acts of kindness. So here are some places on the net where kindness is alive, well and plentiful!

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