I love this video, simple but great story telling. View the Social Media Simplified Video…

It has been reported that Twitter is in the beginning phases of launching new commercial accounts. Supposedly, the twitter commercial accounts will offer advanced functionality, analytics and a commercial API. It appears that Twitter is starting to appeal to the demand for more features from power users – it is our understanding that the basic service will always remain free.

Social Media Visualized!

Take a look at this four minute video created by Eric Qualman from Socialnomics. He presents some great social media statistics.

Summary of stats from the video (courtesy of Digital Buzz Blog):

• By 2010 Gen Y will outnumber Baby Boomers
• 96% of them have joined a social network
• 1 out of 8 couples married in the US last year have met via social media
• Facebook added 100 million users in 9 months
• If Facebook would be a country, it would be the world’s 4th largest
• 80% of companies are using LinkedIn as their primary tool to find employees
• 80% of Twitter usage is on mobile devices. People update anywhere, anytime. Imagine what that means for bad customer experiences?
• In 2009 Boston College stopped distributing e-mail addresses to incoming freshmen
• YouTube is the 2nd largest search engine in the world
• There are over 200.000.000 Blogs. 54% of bloggers post content or tweet daily.