5 social media predictions for 2011 reviewed
Last December I put together a short list of 5 social media predictions for 2011. Now with just a few days left in the year it's time to see how accurate those predictions turned out to be.
Below are my five predictions, followed by a short synopsis of the result.
2011 Prediction: Location-based services will go mainstream, with Topguest, Foursquare and Facebook leading the way.
Result: They didn't go mainstream and by most accounts Topguest and Facebook didn't lead the way. In fact, Facebook killed its mobile Places check-in feature in August and 'acqhired' Gowalla in December with plans to shut the service down. Meanwhile, Foursquare closed the year with more than 15 million members and a ton of work ahead of it.
2011 Prediction: The social media measurement space will see significant consolidation
Result: There wasn't significant consolidation, but things did begin to contract a bit. The 2011 highlight was undoubtedly Salesforce's $300+ million acquision of Radian6. Dozens of new entrants continued to flood the market, but with Radian6 and Sysomos being purchased and Twitter offering Analytics to advertisers there are early signs of a maturing market.
2011 Prediction: Twitter will find a viable business model.
Result: Maybe it has, maybe it hasn't. As 2011 comes to a close this one can't be confirmed. What we do know is that the company's valuation is around $8 billion, it's handling some 250 million tweets every day and it has well over 100 million active users globally. That and Jack Dorsey says the business model is based on serendipity.
2011 Prediction: Online privacy will become an even more contested issue.
Result: The privacy debate certainly raged on in 2011 and promises to do so into the new year and beyond. Facebook, which has well upwards of 800 million users worldwide, continued to push the privacy envelope by introducing 'frictionless sharing' and the new Timeline feature. In December, the company reoranized to focus more on privacy in the year ahead.
2011 Prediction: One of the larger social networks won't make it through 2011.
Result: Facebook prepped for a 2012 IPO, Twitter continued to grow like a weed, LinkedIn had a successful IPO and rolled out dozens of new features. Meanwhile, MySpace, while still around, is a shell of its former self, losing more than half of its unique monthly visitors over the course of the past year (see graphic above).
As we look ahead to 2012, what are your social media predictions?





