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Social Networking Sites starting to gain momentum

Friday, April 09, 2010

Some casual searching on Google Insights gave this interesting fact. The number of people searching for the term “social networking sites” is really starting to take off.

Take a look at this graph from Google.

That is an exciting graph. In the last year it appears that has doubled. And in the last two years that amount of searches have more than quadrupled.

Not only is this happening for searches for Web 2.0 companies but for buyouts of smaller Web 2.0 companies as well.

For example just a week ago twitter, a microblogging website, with no income, got an offer for $500 million and turned it down.

Additionally businesses seem to be getting more and more interested in social networking for their business. This article from the August Newsweek shows businesses how they can have social marketing being a marketing tool.

The increasing traffic, high values, and personal and business importance are just going to prove that Web 2.0 is here to stay.

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