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Social networks are the fastest growing phenomenon on the Web, and the one that will most fundamentally change marketing as we know it.
Two-thirds of the world's Internet population visit social networks. In highly developed markets, the percentage is even higher. ◦ In the UK, for example, the number is 80%. ◦ According to a survey by Anderson Analytics in the US, 71% of social network users said they could not live without them.
Social networks are growing three times faster than Internet use as a whole.
Twitter connects friends but also allows individuals to stream messages to those people who want to 'follow' them. In many ways, Twitter has transformed social networking into micro-blogging that are called 'tweets'.
Users are limited to messages of 140 characters to describe to their followers 'what they are doing now'.
Depending on how many followers you have, your tweets may be able to influence a lot of people. In some extreme cases, such as with mega-celebrities, the reach of a person's Twitter feed can challenge traditional broadcast media.
Celebrities such as Britney Spears and Oprah Winfrey each claim to have more than one million Twitter Followers.