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The present explosion of the social media networking sites is one of the biggest phenomenon the online world has seen. The last wide spread well-known phenomenon was that of the dot.com.
The revenue that was earned by all the social media networking sites in the year 2007 was 0 million. It is anticipated that by the year 2012 the collective earnings will be more than .4 billion.
According to research carried out by eMarketer, US marketeers will spend over billion on social network advertisements this year. That would mean that ad spend in this region would see growth levels of 55% in comparison with 2010.
The most recent forecast is a far more positive outcome than previous estimations, with the 2011 figures looking to beat initial predictions by some billion. The rise will also increase the proportion of total ad spend online in the US accounted for by social media based advertising; based on eMarketer’s calculations, social media ad dollars will represent 10.8% of the total.
» Read more: Social Media Advertising Spend To Pass $3 Billion in 2011
1.Facebook
Having reached over 350 million worldwide active users in November 2009, Facebook is one of the most influential social networking community. It is continuously growing at a very fast pace and 50% of active users log on to Facebook in any given day. More than 35 million users update their status each day on Facebook. And there are more than 65 million active users currently accessing Facebook through their mobile devices.
2.Twitter
2012 Social Business Network