Growth of Social Media

NOTE: I was sick on April 24th so this is the earliest I could turn this in.

Over the past 10 years, social media has reached new heights never seen before. In the last decade we saw the growth of big social media sites such as Facebook, Twitter, and Instagram.  All companies are worth billions of dollars and even try to out-do each other.  Just 2 years ago Mark Zuckerberg spent a billion dollars in cash and stock to buy Instagram. Reason Facebook bought Instagram was because Instagram was becoming a huge social network on itself and not just a photo-sharing app and Facebook didn’t need to compete with another company like they’re competing with Twitter. Along with Facebook and Twitter, Google are the top three social media sites used by marketers. The growth of social media has grown more than just entertainment, 93% of marketers use social media for businesses. Right now more people use the internet for social media than ever before.  89% of people between the ages of 18-29 have used social media since May 2013. Between the ages of 30-49, 72% of people use social media.

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