Update: New Statistics on Social Media.
* 23.4 million Filipinos, or 93.7% of all who are actively online, are on Facebook. We are No. 7 worldwide in terms of our Facebook population, but No. 1 in terms of net reach over total internet population. Facebook has quickly overtaken all other forms of social media, almost doubling its Pinoy subscriber base in the past 12 months.
* There are now 667 million people on Facebook worldwide. If FB were a country, it would be the 3rd most populous nation on earth, after China and India. It would be more than double the size of the U.S.
* How busy is Facebook? 25 billion – that’s the amount of content (photos, updates, web links, stories, blog posts, etc.) that is uploaded to Facebook every month.
Here is a good statistics how huge or how invasive social media has become.
Majority of the big newspapers worldwide are suffering from declining sales as people turn to the web to read news. And that's another example of how subversion within capitalism is causing certain industry instability while creating stability in new industries or sectors springing up.
And many people have already declared that "Capitalism is over, it's finished." When? Well every time there is a regional or global financial turmoil. Yeah, they may be right.