Mashable.com
has released data stating Social Media is now a $16.9 Billion dollar business.
The bulk of the revenue is related to advertising however gaming revenue is
also a big piece of the overall revenue. The data suggest Social Media will
still see moderate growth in the coming years but not nearly as much as it has
been over the last 3 years. As businesses continue to try and drive users to
their sites by advertising on social media, consumers are getting fed up with
ads and this is cause the advertising to decrease over the past few months.
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