SOCIAL MEDIA- THE ALL PICTURES

Beatrice Sion () and Cezar Mihălcescu ()
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Beatrice Sion: Romanian American University in Bucharest
Cezar Mihălcescu: Romanian American University in Bucharest

Journal of Information Systems & Operations Management, 2010, vol. 4, issue 2, 223-227

Abstract: Currently, when “googling” the words “social media” approximately 169 000 000hits appear. At least once a day discussions are held regarding online social mediasites, either in the newspaper, on TV or on the radio. The discussions bring upeverything from how companies, politicians, culture, people and so on should usesocial media, to acquisition rumors of several hundred million dollars for onesocial media site. The number of users is steadily increasing among categories such as private users,but especially among companies and organizations. Statistics show that socialnetworking sites constitute the second leading web category after search sitesmeasured on daily traffic. Asking how many that would be willing to pay amonthly fee to get access to their accounts allows a further look into how valuabledifferent websites are considered to be for the users. Google proved to be the mostvaluable one closely followed by Yahoo. Top three to five on the list were allcommunity driven sites – in sequence YouTube, Wikipedia and Facebook. Another aspect of the usage of social media shows that companies who work withthese platforms benefit from saving money in marketing, sales, support and production development.

Keywords: Social Media; Google; Internet; Facebook; MySpace (search for similar items in EconPapers)
Date: 2010
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