Social Media Now 10.4.08
October 4, 2008 by Janet Fouts
Social media sites are growing at lightning speed, partly because it’s now so easy to implement your own network. Dan Farber points out Ning is about to reach 500,000 communities soon, and Peter kim lists 234 Social Media Marketing examples.
A pretty amazing example of the power of social media showed up in the stock market this week when CNN’s citizen-journalism site iReport reported Steve Jobs had a heart attack. A flurry of Diggs, cross posts and retweets later, Apple stock took a serious header until the story was disproved. Read Henry Blodget’s post on why Silicon Valley Insider ran the story.
Shel Israel posts his thoughts on how Twitter is changing the way we sell things online.
The first and only VP debate was a much anticipated event and viewers had a number of Twitter enhanced options. My hands down favorite is Steve Nelson’s Twitter feed into Capitol Hill in Second Life.
Giving bloggers everywhere hope, ,Johns Wu sold his blog Bankaholic to the financial information portal BankRate for a whopping $15 Mil. Read the story on Mashable.
Bright Shiny objects
- Quite few Tweeple seem to just ♥ Twitterkeys which allows you to easily paste special characters into your Twitter posts.
- A new music network popped up called JamsBio where you can share and discuss your favorite music.
- The Obama campaign’s iPhone App is creating quite a buzz. poll your personal network and see who they are voting for.
- What does your blog look like on an iPhone? WPTOUCH is a WordPress plugin that can help it look good.



I was checking out info on the bankaholic.com sale, and ran across your blog. How cool is that though? What was it, 15 mil? Bankaholic was a great resource, and I hope the new owners put more into it and keep it running.
I have a good read, thanks for the information and insights you have so provided here. I will certainly bookmark your blog for future reads. Thanks!
Hi Janet - we are part of the growing social media explosion that you are talking about. However, I think there might be a slow down in investment due to the credit crunch this year and next year, so I would anticipate that there will be a drop of in serious new sites, which still take large amounts of time and investment to reach their full potential.
Our site http://wikiworldbook.com is a People Search engine with Global Address Book that enables people to be easily found and contacted without having to reveal their contact details.