The Boom of Social Sites

Updated: November 02, 2009

The brief years of the new century have seen the vast rise of modern social media. Formerly restricted to college students, the colossus of Facebook hulks today over a diminished Myspace that once was the darling of venture capitalists. Orkut was started by Google with high hopes, but is popular now only in in Brazil and India. The early front-runner Friendster is nearly lost in the pack, although it still has a significant presence in the attention marketplace. QQ has a quite large customer base, but nearly all of them are in China. LinkedIn is quite popular with professionals, but seems unlikely to move beyond that niche. The very early Classmates had many members, but has shrunk considerably and shows no signs of recovering. Habbo has held on to its popularity with teenagers and is a strong competitor. Twitter is a rising concern within a specialty niche that has caught on fire in a texting-crazy world.

There have been many surprises in an increasingly cluttered marketplace as one company or another has surged to the fore. The social media marketplace has become relatively mature in a single decade, with many smaller companies clawing for attention or even for sheer survival.

Click to Enlarge

Featured Research
  • How to Buy an ERP Solution

    Congratulations on making the decision to beginning the process to research and ultimately purchase an ERP solution for your business. Studies have shown that through accurate information about daily operations, companies can make decisions that reduce operational costs by as much as 23% AND administrative costs by 22%. more

  • The Future of ERP

    Today's business decisions are data-driven and the difference between success and failure can be boiled down to utilizing the correct data. Now more than ever, companies have access to not only robust data but consumable data as well, through Enterprise Resource Planning (ERP) software. more

  • Top ERP Trends of 2017

    No matter the size, success or industry in which you do business, data is vital. Because of this, data-driven technologies such as Enterprise Resource Planning (ERP) systems are becoming more important for the streamlining of quantitative data and gaining/analyzing key insights. Even better, as of 2017, ERP tools aren’t only for enterprise companies in the manufacturing and distribution sectors—they’re for everyone. But that’s not the only keynote change that’s taken place this year … Download our latest guide to see what else is happening with ERP! more

  • Making a Business Case for ERP

    Are you in the market for an ERP solution but hesitant to purchase due to the potential financial risks associated with implementing such a tool? While costs may seem prohibitive, and make it difficult to get stakeholders on board, an ERP system can add SIGNIFICANT value to your organization, regardless of what industry you are in. more

  • CIO eGuide

    Data is becoming increasingly important in business. As a result, more and more organizations are becoming attractive targets for hackers. Data breaches caused by stolen credentials are on the rise. You need smarter tools to protect your organization against the monetary and reputational damage caused by a data breach. This guide will explain how Okta Adaptive Multifactor Authentication (MFA) provides the security that IT needs, while also providing the simplicity end users want. more