On Words and Business

The Economist published this special report on social networking, including a discussion of why the networks grow so fast, how small businesses are using them to their advantage, how it’s changing the world of job hunting, and what we can expect in terms of privacy issues.

As of October, 2009 Facebook was the clear winner in the numbers game with over 430 million users. Wow.

In case you are wondering about social media and if and how it reaches your (or any) audience, check out 20+ mind-blowing social media stats.

Some that I find interesting:

• LinkedIn has gained about 1 million members each month since last August
• More than 65 million Facebook members access their accounts via a mobile device
• Average number of tweets per day (as of end of 2009): 27.3 million