With social media sites like Twitter now breaking the biggest news stories first, and fast becoming the primary source for up to the minute updates from increasingly credible sources; social news is here to stay.
Last weekend saw the Royal Wedding and the death of Osama Bin Laden. Obviously two very different occasions, but ones that each individually set the social media space alight. Here it's key to establish a difference between social media channels (Twitter, StumbleUpon, Digg) and social networking (Facebook, MySpace, Bebo).
Facebook has wrongly become synonymous with social media. The dominant network now has more than half a billion members; that means more than 1 in 14 people on the planet are on Facebook, and 1 in 3 in the UK. SecondMarket's valuation puts the company's worth at an astronomical figure of more than $41 billion.
Chris Anderson, editor of premium geek fodder Wired recently wrote an article discussing the death of the Web (the www) as a medium for utilising the Internet. Naturally, we were intrigued.
He makes some valid points. The Internet is now being used primarily for applications other than browser based web exploration. So much for Netscape's prediction that browsers would eventually take over from computers as app servers; computers being merely "a poorly debugged set of device drivers".
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