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Social Media Consume 1 out of every 6 Minutes

17 June 2011 2 Comments
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Social Networks all Consuming: Facebook, Linkedin, Twitter & More

Time spent on social networking has doubled since 2007. Facebook, Twitter leads the way in the ever growing social media presence. ComScore released their latest figures on this social media growth.

The average U.S. online user spends 1 out of every 6 minutes on a social networking site.

Astounding Social Media Growth

That is a whopping 16% of all online time compared to a mere 8% in 2007. Facebook leads the with 700+ million users but many social network sites like Linkedin, Twitter, and Tumblr hit all time record highs this past month of May. Linkedin recorded 33.4 million visitors in May 2011 while showing 58% overall growth from 2010. Twitter 27 million, a 13% growth from 2011. Tumblr 10.7 million with an amazing 166% growth from last year. Tumblr seems to be experiencing a sudden surge of popularity this year.

Linkedin Twitter Statistics Social

Facebook is currently the 4th largest web property with 157.2 million visitors just in the month of May reaching 73% of the total internet population every month.

Social Networking Statistics Facebook Linkedin

Linkedin IPO – Social IPOs are Coming

A new wave of IPOs are starting to pop up as Groupon and Linkedin recently went public to spectacular public offerings. Pandora just double it’s price due to demand. Facebook also has plans to IPO as early as next year. Other tech companies such as LivingSocial, Zynga and Twitter are still abuzz and potentially going public as well. Are these companies worth the evaluations they are seeing? We have yet to see. So much of the value is based on potential and potential only at this point.

  • What are your thoughts on this growth? Will it continue?
  • 1 in 6 minutes are spent on social sites.. good or bad?

Share your thoughts here and on our Facebook Page

2 Comments »

  • Bill Dorman said:

    Social media is definitely a time eater. Not necessarily bad, but definitely a time eater. I find twitter, blogging, commenting and responding really consuming me at times.

    It has allowed me to make some really great friends, but at some point I will need better direction.

    I don’t know how far along you are in your journey and what you are trying to accomplish. I got in just being satisfied commenting and replying. I did the blog and started dragging it along with me because I thought it was the thing to do, I had no game plan and in my mind I’m still clunking around.

    I’m probably not one to be offering advice but if you want to increase traffic I would say spend the most of your time on other people’s blogs commenting and replying for now and getting to know these people first. That’s what I did and everything else just seemed to follow.

    Best of luck and feel free to stop by my place any time. I hope your day went well.

  • cleancutmedia (author) said:

    Thanks Bill,

    I did notice you are very active on several different blogs and as you said, seem like everything else just seemed to have followed pretty well for you! It indeed can be quite time consuming, only if there was more time right?

    Good to hear from you though, thanks for visiting and your word of advice.

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