BBC News – Is social media another dotcom bubble?

The recent plunge in the value of Facebook and other once high-flying social media stocks has brought back painful memories of the dotcom bubble of the late 1990s.

In that first wave of internet euphoria, investors threw money at unproven start-ups which quickly went bust or shrank to a tiny fraction of their peak value.

Five trillion dollars (£3.2tn) was wiped off the value of shares traded in major centres between 2000 and 2002, partly through the collapse in technology stocks.

There are parallels with what is happening now to social media shares.

Social media is the term bandied about for a range of internet businesses that have recently joined the stock market.

via BBC News – Is social media another dotcom bubble?.

Emerging Markets Lead World in Social Networking Growth – eMarketer

Middle East and Africa, Asia-Pacific will exceed average growth rateseMarketer estimates the number of social network users around the world will rise this year to 1.4 billion from 1.18 billion in 2011. This near-20% increase is a slight drop from the rise in 2011, and growth rates will continue to moderate as the market matures.Social Network Users Worldwide, 2010-2014 millions and % changeThe fastest growth will come from the emerging markets of the world, especially the Middle East and Africa where the base of social network users remains small and Asia-Pacific. Latin America will also grow its user base by 18.5%, slightly below the worldwide average.

via Emerging Markets Lead World in Social Networking Growth – eMarketer.

Buying Twitter Followers? Beware StatusPeople, The Service That Exposes Social Media’s Black Market | Fast Company

The main goal of StatusPeople’s web app is to find out “how many fake followers you and your friends have.” The company, which creates social-media management software, released the tool as a side project in July to shed light on a user’s follower quality. While the makers emphasize on their site that their metrics aren’t perfect for example, they only analyze a sample of your followers and, moreover, it’s possible for anyone to purchase Twitter followers for another user, there is no doubt that the results have the potential to humiliate anyone who pays money for subscribers–a dodgy practice that takes just a few minutes.

via Buying Twitter Followers? Beware StatusPeople, The Service That Exposes Social Media’s Black Market | Fast Company.

Blogs Are a Trusted Source for Moms – eMarketer

More than two-thirds of mothers consider blogs to be a reliable resource for parenting informationAnxious mothers show a tendency to go online in search of answers to an endless litany of questions about raising and caring for their kids. And mothers who looked to the web for parenting advice considered blogs to be the most trustworthy social media platform, according to a July 2012 survey of US online mothers by blog company BlogHer.

via Blogs Are a Trusted Source for Moms – eMarketer.

Boomers’ Digital Affinities Rooted in ‘Practical Web’ – eMarketer

Increasing numbers of baby boomers own smartphones and have accounts on social networks. But headlines that herald such developments can create a misleading impression about the underlying story, according to eMarketer’s new report, “Baby Boomers and the Digital Life: From Pioneers to Laggards.” “Amid gains, boomers especially older ones still tend to be less digitally engaged than younger people.”While a majority of boomers go online on a typical day, according to the Pew Internet & American Life Project, it’s not the landslide one finds among younger adults. “Marketers can safely assume they’ll find most 20-somethings online on a typical day. They shouldn’t have the same assurance about boomers,” said eMarketer.

via Boomers’ Digital Affinities Rooted in ‘Practical Web’ – eMarketer.

This Infographic Shows Why Google+ is a Ghost Town

There’s a lot of conflicting data out there about Google+. A few studies over the past few months have portrayed the fledgling social network as relatively moribund, but another recent report from Experian Hitwise says visits to the network are growing substantially, hitting 34.9 million for the week ended Aug. 4 compared to 21.9 million visits for the week ended July 21 — a 59% jump in two weeks.

Whether the network is thriving or not, this research from Umpf, a UK-based social media firm, shows that activity on G+ is low compared to other social networks.

To prove the point, Umpf analyzed 100 online news stories across G+, Facebook, LinkedIn and Twitter. The company then determined the average number of users per 100 million likely to share a story. As the infographic below shows, the gulf between G+ and Twitter in this regard is stark: Only six G+ users out of 100 million shared, compared to 197.3 out of 100 million for Twitter. The difference wasn’t as large for Facebook and LinkedIn, but G+ was still a distant fourth.

via This Infographic Shows Why Google+ is a Ghost Town.

Beyond Words | Adweek

How did a small search marketing software company become the lead “analyst” on Facebook’s advertising potential? It used pictures for its PR.In the days leading up to Facebook’s IPO, there was a great deal of debate around whether the social media giant’s ad platform was built for long-term success. This dialogue didn’t escape WordStream, a provider of pay-per-click and search services, which thought it could get a bit of publicity for a quick study it conducted comparing the value of display advertising on Facebook to that of Google’s Display Network. But rather than simply put out a press release, WordStream decided to tell the story via an infographic.What WordStream wasn’t prepared for was the massive reception the infographic received. Initial pickups came from a Wall Street Journal blog and Business Insider, both of which linked directly to the visual. But as the news cycle around the IPO heated up with GM’s announcement that it was pulling its Facebook ads, the infographic—a graded comparison of Facebook vs. Google—went viral. In a matter of hours, many of the top news outlets, including USA Today, CNN, Fast Company, The Economist, Fox Business and more, picked it up. Within a week, a Google search yielded more than 13,000 news articles mentioning WordStream, many of them embedding the infographic and linking back to the company’s site.

via Beyond Words | Adweek.

How Reddit ranking algorithms work – amix.dk

This is a follow up post to How Hacker News ranking algorithm works. This time around I will examine how Reddit’s default story and comment rankings work. Reddit’s algorithms are fairly simple to understand and to implement and in this post I’ll dig deeper into them.

The first part of this post will focus on story ranking, i.e. how are Reddit stories ranked? The second part of this post will focus on comment ranking, which does not use the same ranking as stories (unlike Hacker News), Reddit’s comment ranking algorithm is quite interesting and the idea guy behind it is Randall Munroe (the author of xkcd).

via How Reddit ranking algorithms work – amix.dk.

BBC News – Reddit’s rise: Can the social news service stay popular?

Social news site Reddit bills itself as the front page of the internet, and there are days when it is hard to disagree with that description.It proved especially difficult last week given the outrage, debate, comment and condemnation generated when it encouraged rapists to share the motivation for their sexual assaults.Thousands of Redditors commented on the stories being told. Beyond Reddit some commentators said it was just a cheap attempt to generate notoriety, and others an attempt to excuse misogyny.

via BBC News – Reddit’s rise: Can the social news service stay popular?.

You Suck at Infographics

We asked the Visual.ly chief for a few tips on how to make data pop.

1. Apply a journalist’s code of ethics

An infographic starts with a great data set. Even if you’re not a journalist — but an advertiser or independent contractor, say — you need to represent the data ethically in order to preserve your credibility with your audience. Don’t source from blogs. Don’t source from Wikipedia. Don’t misrepresent your data with images.

2. Find the story in the data

There’s a popular misconception that creating a great infographic just requires hiring a great graphic designer. But even the best designer can only do so much with poor material. Mapping out the key points in your narrative should be the first order of business. “The most accessible graphics we’ve ever done are the ones that tell a story. It should have an arc, a climax and a conclusion,” Langille says. When you find a great data set, mock up your visualization first and figure out what you want to say, before contacting a designer.

3. Make it mobile and personal

As the media becomes more sophisticated, designers are developing non-static infographics. An interactive infographic might seem pretty “sexy,” Langille says, but it’s much less shareable. A video infographic, on the other hand, is both interactive and easy to port from site to site. Another way to involve readers is to create a graphic that allows them to input and share their own information.

4. Don’t let the code out

One of the easiest ways to protect your work is to share it on a community site. Visual.ly offers Creative Commons licensing to users who upload a graphic to the site. When visitors who want to use the graphic grab embed code from the site, the embedded image automatically links back to its creator. Langille suggests adding branding to the bottom of your work and never releasing the actual source file — only the PNG, JPEG, or PDF. And what if your work goes viral without proper credit? For god’s sake, don’t be a pain and demand that the thieves take it down. “It’s better to let it go and ask for a link back and credits on the graphics,” Langille said.

via You Suck at Infographics.