Social media news for the week of 1st June 2009

Posted by Karl on June 8, 2009 04:28 and tagged

GroupCard application sees benefits from verified application status

Facebook verified application and fbFund winner GroupCard reports an increase to their application's "About" page since verification.

The Facebook Platform was down and up over the weekend

Applications were intermittently unavailable to a large number of users for a few hours over the weekend. The issue appeared to affect some users more than others across all applications.

Most Twitter users are Sheep

80% of Twitter accounts have fewer than 10 followers, and 30% have none whatsoever. Is Twitter about being social or predominantly a broadcast medium?

Regional networks to be eliminated from Facebook soon

Regional networks were very much a legacy of Facebook's college origins, and it seems that they've outgrown what little usefulness they had.

Mark Zuckerberg thinks the Facebook payment system could "be really important"

It's still unclear who much revenue Facebook can make with its payment system but including advertising revenue the company is hoping to be cashflow positive "really soon". The full interview is worth a read, and more information on the Facebook payment platform here.

Facebook has 37% of the value of the entire social networking market

Techcrunch pulled together a lot of numbers, crunched them, and that was one of their conclusions. Other include:

  • the entire social network industry is worth $27.1 billion
  • the three most valuable markets based on value-per-user are the UK ($213), Australia ($148), Denmark ($144) with the US only coming in 4th
  • if Facebook is worth $10bn then Twitter is "only" worth $1.7bn

Total US time on Facebook up 700% in the last year

in an easy answer to the question of how Facebook can grow when it approaches saturation of the user base it shows a huge increase in usage.

Facebook Connect pushing into new devices: Ninentdo DSi and Xbox

Connect support is planned for the Nintendo DSi for the summer and the Xbox later in the year.

The "Pay with Facebook" option is seen out in the wild

Three applications have been seen trialling Facebook's new payment platform which enables application monetisation using Facebook as the holder of the user's credit card details.

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