Back in July, I wrote about the surge of social media criticism directed at Netflix after its controversial price hike, which raised the cost of its main subscription plan by 60%, noting that it was "a great case study illustrating both the potential and limitations of social media as a tool for interacting with, and attempting to shape or at least placate, public opinion." The big question, I wrote, was "how does Netflix handle the social media explosion?" But I never would have expected the novel, unorthodox strategy adopted by Netflix to engage with social media critics: basically, it just ...Read the whole story
Facebook introduced a revamped profile page and an updated version of its Open Graph for developers, allowing friends to go beyond just "liking" something to share their experiences as they happen. ...Read the whole story
By the end of 2011, there will be 550 million people worldwide using their mobile phones to engage in social networking, says ABI Research. That number will explode to 1.7 billion in '16. Is the company without an ad strategy to monetize it? ...Read the whole story
Social video analytics firm Visible Measures this morning said it closed on a $13 million round of financing led by DAG Ventures, but also including Advance Publications, the owner of consumer magazine publisher Conde Nast, which publishes titles such as Wired, The New Yorker, Vanity Fair and Vogue, and related websites as well as Epicurious.com and reddit.com. Other backers in the round included existing investors: General Catalyst Partners, Mohr Davidow Ventures, and Northgate Capital. ...Read the whole story
According to a new study from Harris Interactive among online adults, 68% of women communicate via social media compared to 54% of men in the U.S. -- some 75 million women vs. 57 million men. ...Read the whole story
I've been watching the new Facebook stewing in the crockpot since yesterday morning, and have discovered the recipe for making it: To a base of existing Facebook friends and surfing habits, add three tablespoons of Google+ Circles along the left-hand margin, a pound of Flipboard to the News Feed, and a heavy dollop of Twitter along the right hand side. Then, add a raft of user complaints, simmer for a while, and behold: it's the hotly controversial new Facebook! What a stinky stew ...More
Look closer at social media numbers and TV ratings. Can you draw any conclusions? Exclusions? Fox spent much on marketing and public relations efforts for such new shows as "The X Factor" and "New Girl." Returning shows typically don't need as much. But perhaps "Glee" should have had a bit more. ...More