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Nielsen recently released a new report that officially documents what many of us already know, just never substantiated through data. According to a study published at the end of January 2010, Nielsen observed the online social activity of consumers around the world and discovered an 82% increase in time spent on social networking sites in December 2009. On average, users spent more than five and a half hours on popular networks such as Facebook and Twitter in December 2009. In December 2008, users clocked just over three hours on social networking sites.

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Among the dominant social networks, Facebook presents the biggest risk to company security, according to 60% of the respondents to a survey of 500 companies conducted by Sophos, an IT security organization. No other network comes close. MySpace ranks second, with 18% of companies identifying it as a concern, followed by Twitter (17%) and LinkedIn (4%).

Manpower's recent study, "Social Networks vs. Management? Harness the Power of Social Media," indicates that 75% of employers worldwide say their organizations do not have a formal policy regarding the use of social networking sites at work. Only 20% of employers do have a formal policy, and only 63% of those say their policy is effective at avoiding productivity loss.

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"9 Killer Tips for Location-Based Marketing" Social networking has finally become something valuable for brick-and-mortar businesses. Smartphones and location-based social networks allow users to interact, share, meet up, and recommend places based on their physical coordinates. This real-world connection to social media can mean more foot traffic and profits for business owners.

Network with local entrepreneurs to learn 5 keys to build a successful business from experts. Attend Powerteam Workshop on September 17, 2014. Check out blog for more details.

Network with local entrepreneurs to learn 5 keys to build a successful business from experts. Attend Powerteam Workshop on September 17, 2014. Check out blog for more details.

Good news is that competition drives innovation

There have been several folks such as Chris Brogan who have talked about "beating Dunbar's number," but there is no need to do so and in fact I believe the whole discussion around this number as it related to social media and online networks is a bit irrelevant.

"Moving beyond the organic benefits of open employee access to social networks"

Contractors add your contractor/ Business profile with hirecontractor.com Kitchen contractors souring network. Make your personal profile page more informative by adding your expertise, experience and area of service and respond to the user searches.

Indian Telecom sector is witnessing stiff competition of all time post Reliance Jio entry. Reliance Jio launched its sophisticated 4G network attached service. Reliance jio also launched LYF Smartphone brand to complete the ecosystem in order to create all in one platform.