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A number of large companies like Best Buy Co. Ltd., Samsung Electronics Corporation, Sony Electronics, Cisco and Coca-Cola will be getting together in October to discuss the importance of social media in business.
According to Nielsen's new Social Media Report, Americans spend a huge amount of time on Facebook and blog sites.
Social gaming service provider Zynga, has acquired social game developer OMGPOP, the creators of popular mobile game, Draw Something.
A survey of more than 1,500 Canadians conducted by Canada Newswire Group and Leger Marketing finds that more consumers are using social media on a daily basis, and that in many cases, it influences their buying decisions.
People are gobbling up social networking like nobody's business, and the trend appears to be showing no signs of slowing down. Research firm Parks Associates predicts that online social networking will help to drive sales and interest in networkable TVs.