Social media is now an integral part of business. In order to survive and thrive, many small businesses are implementing this application. Is your business taking advantage of social media? Amy Porterfield of Social Media Examiner shares important news on what is happening in the world of social media. Here are a couple of the major recent findings:

By 2010, 26 Million (1 in 7) U.S. Adults Will Use Twitter Monthly. Studies have shown that in 2009, Twitter will be accessed by 18 million U.S. adults on a monthly basis (which is a 200% increase over 2008). It will continue to grow an estimated 44% in 2010.

In September 2009, Facebook officially hit the 300 million-user mark, making the social networking site nearly as large as the U.S. population.

Americans Spend 17% of Online Time on Social Media Sites. Americans are now spending a lot more time on social networking sites as social media platforms continue to grow. There has been a 6% increase on time spent at social networking sties.

Advertisers are paying attention to this trend as online ad spending increased by 119% to $108 million in August 2009.

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