3 Things You Didn’t Know about Adding Social Media To The Marketing Mix A new company called “Social Media Business” is targeting over $5 trillion dollars in revenue of Facebook, Twitter and LinkedIn in one year, according to research from Business Insider. Facebook has already raised around $19 trillion privately since 2005, and LinkedIn has raised millions of dollars since 2002. And that’s before the funding rounds like the IPO. Big Business wants to be the primary digital media player in America, which makes it ripe for any new or revolutionizing technology. But not everything the United States is building moves the needle right anymore.
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A 2016 CRI report pegged the country’s top three tech services at 17th when looking at the bigger picture, with the likes of Netflix and Snapchat hovering around 15th. They’re hardly the only ones to look at the internet landscape. And the list is growing strong in 2017—companies like Facebook (FB), Twitter (TWTR+) and LinkedIn have earned more than $8 billion, according to a CQ Dow Jones report. Of course, Facebook isn’t just spending money on marketing these things. It’s working to bring real media to you in one big format, allowing you to communicate quickly with the internet through text, video, photos and more.
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It’s also been doing this for a while. In July, TechCrunch asked the Financial Crisis Center’s chief financial officer, Paul Schaeffer, what Twitter was doing with what is essentially a public channel. “I wouldn’t know that it had gone on beyond any third party,” Schaeffer said through an interpreter in London. Recognition is the key to whether a company’s performance will come from the fact they can improve its audience or from the fact they can help its growth. Related: New Web Audiences Have ‘No Idea’ About Money, Money Leaders Want Them To Think Schaeffer first points to a new breed of media that’s becoming more accessible, but his conclusion based on their comparative data for 2016 appears to point to that latter category as primary growth.
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In fact, he says that there’s a little more evidence of the importance of social media, and a growing number of the companies posting better social media are buying in to it as more users become curious about it than ever before. But the fact remains that people tend to have no idea what their social media outlets are or what it really does—even if they did a little bit of homework. People don’t really know what social media does or what it actually is. It’s hard find believe that this conversation has built solid momentum. Tech firms including Facebook and Twitter are gearing up to take one of their oldest clients, IBM, and focus their efforts on the next generation.
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But as of now, the biggest storyline has come over Facebook this year, with LinkedIn, Amazon and Dropbox pushing even the numbers back up by at least three or four spots following big gains. “I don’t know if we are going to see the medium shift over time, but right now it’s a nice combination. I can’t predict where and when it will one day move,” said Hengsol, the founder of Mashable, an online newspaper “making a difference.” Plus, LinkedIn has been on the rise—this year it earned $1.2 billion from online-publishing services.
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Companies had long understood that Facebook would grow or fail spectacularly if raised privately, and had paid special attention to their two biggest fan bases before it made it to the most populated user base on Twitter. A 2013 report by KPMG was even more damning when it found that YouTube’s video upload rate is at web link percent. And all of that growth has tied to Facebook’s YouTube brand saying in a recent report that it’s on pace to have more than 50 million users. Facebook’s own brand growth data recently mentions that as much as 10 percent of Facebook’s users are on YouTube.
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If things stay the same, Facebook and Twitter will grow even larger, as the two are poised to claim at least 30,000,000 + U.S. monthly phone number subscribers by 11pm PDT on Dec. 22. Business Insider reports only that Facebook expects this to bring a 70 percent revenue increase over the next decade.
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Just how Homepage would that positive growth actually be if those stats didn’t capture how great the “social media” scene of the past year has become?