Okay, the headline is slightly exaggerated, since the Facebook jobs were created in the U.S. But you can't deny the numbers are impressive: in a new study titled "The Facebook App Economy," professors at the University of Maryland's Smith School of Business have calculated that 182,000 new jobs have been created in the U.S. by Facebook apps over the last couple years. That compares favorably to the overall change in U.S. non-farm payrolls, which dipped 100,000 from 131.2 million in August 2009 to 131.1 million in August 2011. ...Read the whole story
It turns out that social media marketers value certain types of user-generated content over others. What do they value most? Product reviews and ratings, revealed Beth Uyenco, director of research for Microsoft Digital. ...Read the whole story
Former Yahoo exec Ramsey McGrory just found a new home as CEO of social-media software company Clearspring. He says data and social are leading the industry's innovation charge. In May, Clearspring secured $20 million in new funding. ...Read the whole story
Facebook's f8 event last week will have lasting ramifications for the network's 800 million users. It will also have implications for brands, but the biggest takeaway should that if you're a marketer, Facebook was never about you, it's not about you, and it will never be about you. I'm sorry to the handful of laptops and iPhones that were just hurled across the room, but the truth hurts. ...More
We've long heard about the sizable gap -- currently estimated at $60 billion -- between what marketers spend on brand advertising on the Web, and the amount of time and attention that has shifted to the Internet. And while the growth of both social media and online video advertising has quickly put a dent in this number, we've yet to see the watershed moment. Social video may prove to be the missing link. ...More
One proven way to increase effectiveness and lower your costs is earned media coupled with social optimization. With the social share button being one click away from spreading good content, the connection between "earned" and "paid" is undeniable. Intent is everything, if someone shares, tweets, comments, etc., it all hits the graph and spreads to friends. That's gold! Where brands fall short is the follow through engagement, re-posting the best-trending content means not just your super fans become your evangelists. Without good content the engagement that drives reach will not happen and social has become the best way to integrate ...More