Marketing Pilgrim's "Social Media" Channel

Sponsor Marketing Pilgrim's Social Media Channel today! Get in front of some of the most influential readers in the Internet and social media marketing industry. Contact us today!

Facebook Not Selling Out–But Should They?

Methinks the Telegraph was hoping to spark controversy when they published this article yesterday:

Facebook is planning to exploit the vast amount of personal information it holds on its 150m members by creating one of the world’s largest market research databases.

In an attempt to finally monetise the social networking site, once valued at $15bn (£10.4bn), it will soon allow multinational companies to selectively target its members in order to research the appeal of new products. Companies will be able to pose questions to specially selected members based on such intimate details as whether they are single or married and even whether they are gay or straight.

And yes, were it true, that would definitely be . . . well, if not cause for alarm, at least attention-getting. Let me say it again: were it true.

Do You Have a Twitter Twin?

twitter

By Danny Brown

Perhaps it’s a sign that the site is reaching more mainstream popularity levels, but Twitter is fast becoming a haven for spammers. Accounts include semi-naked girls with just one link to an affiliate site to brands that use the service for nothing more sending direct messages to other users with a sales link.

Now it seems that the “power players” of Twitter are being targeted—yet it’s not directly at them. Rather, it’s using them instead.

This latest trick sees users that have a certain authority on Twitter—i.e., thousands of followers—be the lucky target of a fake account with their details. Their image and name is used to trick unsuspecting users into thinking it’s the real person. Normally it’s a play on the person’s name—underscores, dashes, numbers, etc.

Twitter is a Cash Cow in the Making

Cash CowWe have been talking a great deal lately about how Twitter should be monetizing their service. Most of this talk comes after news that Twitter secured $20 million in venture capital, to push its total valuation to $250 million. It wasn’t long ago that Twitter started looking for a product manager to define a revenue stream. This is a smart move for a company that has relied solely on venture capital from day one.

Andy recently wrote a post detailing his thoughts for a Twitter subscription program. This is an idea that even Twitter’s CEO Evan Williams has spoken about in the past.

More Bad News for MySpace

myspacelogoBy Danny Brown

In a move that won’t surprise as many people as it would have this time last year, Fox Interactive Media has announced it will be cutting its workforce by as many as 100 jobs. Fox is the parent company of social network site MySpace as well as Photobucket and various mobile sites.

The move, which accounts for 5% of employees across the board, is another sign that MySpace and Photobucket are falling increasingly behind in the social networking battle. With Facebook and Flickr taking away much of the core audience of Fox Interactive’s babies, the signs aren’t good for Tom Anderson and his friends.

But is it such a surprise?

Dear Twitter, I’m the Type of User You Can Make Money From

Can you imagine how much more than $250 million Twitter would be worth if it ever figures out a revenue model?

I suspect the micro-blogging service must have something up its sleeve, otherwise why would a venture capital firm reportedly dump $20 million into the company–giving it the $250M valuation?

Personally, I hope Twitter can find a way to support itself, before the money runs out. It’s no coincidence the company is seeing incredible growth, the service is becoming an invaluable tool for communication. Heck, some people are even suggesting that it’s becoming an alternative channel for bloggers.

Just the other day, I considered how I communicated with friends and peers before the advent of Twitter. For me, Twitter has become a valuable tool for three reasons:

Twitter Mania Takes Hold in the UK

By Peter Young

According to Hitwise data released on January 21st this year, Twitter usage in the UK has increased 10 fold in just 12 months – with celebrities such as Steven Fry, Jonathan Ross, John Cleese and Richard Branson even joining the ever increasing list of Twitterers. This follows hot on the heels of Hitwise announcing Twitter usage has overtaken that off Digg in the US.

Facebook Twice as Big as MySpace?

At the rate Facebook has been growing these past two months, it shouldn’t surprise anyone that Facebook gets more traffic than MySpace. comScore’s latest report, however, claims that not only is Facebook bigger than MySpace, it’s twice as big!

Facebook vs MySpace

This comScore chart shows that in November, Facebook began pulling ahead of MySpace thanks to their 200 million unique visitors that month. Caroline McCarthy from CNET highlights a statement from MySpace regarding comScore’s findings:

We are laser focused on building a sustainable global business which we measure by profits and revenue–not just eyeballs. In a tough economic climate, our international revenue is up 30 percent year over year and we continue to focus on those markets with the strong monetization opportunities.