Media Post is reporting that Twitter will unveil its advertising in the near future. The revelation was made by Anamitry Banerji (head of product management and monetization at Twitter) in a panel discussion with Seth Goldstein (chief executive officer and co-founder of socialmedia.com).
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Consumers spent more than five and a half hours on social media sites like Facebook and Twitter in Dec, 2009, according to a report by Nielsen. The amount of time spent on social media sites has increased by 82% from the same time last year, when users only spent three hours on social media sites each day.
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A growing number of young men in UK prefer checking emails and browsing through social media sites like Facebook over sex, according to a new study conducted in UK by Sparkler for Microsoft Advertising.
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The home insurance premiums of Facebook and Twitter users could be raised by as much as 10%, according to a recent report. Social media and location aware services such as Facebook, Twitter, Buzz, Foursquare, Gowalla and others can alert criminals when a user is at a specific spot and not at their home.
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A new white paper, published by Merkle Inc., suggests that social media users are more likely to check their email inboxes than people who do not use social media. The study, conducted in Fall 2009, had several interesting findings. While many reports have suggested that Facebook and other social networks are replacements to email, this report would suggest that users are much more likely to use both products together.
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Wordpress has released version 1.2 of BuddyPress, which was originally developed to add social media features to sites based on Wordpress MU (multiuser). We previously covered BuddyPress back in November of 2007 and had tried to implement the service unsuccessfully on this site.
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A new report published last week shows that celebrity Twitter users can earn up to $10,000 per tweet.  It’s an astronomical number, but one that’s been confirmed by Steve Richards of Yomego, who wrote a new report on measuring Social Media ROI.   He has collected information about the revenue streams that come from social media, especially for traditional businesses.
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San Francisco-based BOKU Mobile, one of the big competitors in the ‘pay-by-mobile’ space, has announced a partnership with Globe Telecom, a leading Mobile Operator in the Philippines, to expand Globe’s GCash (not to be confused with gWallet) virtual currency to be accepted at all BOKU Mobile compliment vendors. Users of GCash – an extremely popular virtual currency for the Phillipines – will now be able to use that currency to purchase virtual goods (and eventually real goods) across BOKU’s network of merchants which currently “is enabled across 190 carriers worldwide in over 60 countries, and reaches a potential 1.8 billion customers” according to BOKU.
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Even before sports fans could see their favorite athletes contest each other on ground at the Vancouver Olympics, which will start from today and last till the 28th of Feb, Brands are battling it out to get the most buzz at Social Media Stadiums aka Twitter and Facebook.

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A new joint survey by Forrester Research and Association of National Advertisers shows that Social Media Ad spending continues to grow at the expense of TV advertising.

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