Posted on July 17, 2009 3:34 pm
It’s been a good news Friday for the world of social media. It has been announced today that Facebook now has 250 million users throughout the world, not bad considering that only seven months ago they had a mere 150 million.
The surge in popularity for the social networking site appears to show no sign of abating. Facebook’s viral spread throughout the world has made it one of the most visited and used websites globally. With conformation that it has now reached 250 million users, few can question its reach.
Good news too for YouTube. Whilst it may be one of the most popular sites on the web, that popularity has never been turned into any kind of profitability. Positive noises are coming out of Google HQ suggesting that YouTube could soon be turning a profit.
With a strengthening social media comes the greater opportunity to develop. Marketers throughout the world have been taking advantage of the amount of – often free – exposure that is achievable on the likes of YouTube and Twitter as well as other popular forums such as Twitter and MySpace. Of course these sites are also hugely popular for their communication and entertainment capacity, but that hasn’t stopped many turning in a tidy profit too – something that YouTube can now look forward to themselves.
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[...] two months ago to the day, in a strange piece of social media circularity, it was announced that Facebook had 250 million users whilst YouTube were on the verge of making profit. Today, Facebook has reached 300 million users and is itself the one who is ready to start funding [...]
[...] The light at the end of the tunnel may come in the form of YouTube. For years it was considered a financial joke; the $1.65billion that Google threw at it (which is still far too much, just as Twitter’s $1billion valuation currently) was deemed to have been lost in a vortex of hefty expenses and limited income. Like Twitter, YouTube was hugely popular but couldn’t find a way of converting visitors into hard cash. That was until they introduced targeted sponsored advertising, and now have begun posting profits (as documented in our July 17th post Facebook Reaches 250 Million Users Whilst YouTube on Verge of Making a Profit). [...]