The Rise of Social Media and Web Libel
Blake Cahill gets it exactly right when he says that social media is playing a larger role than every before in our lives. The article says that social networking takes up 11% of the time that people spend online these days, which is a powerful driver of traffic. In December of 2009 Facebook had over 112 million visitors. This kind of traffic can be a game changer in the delicate world of search engine results.
Unfortunately, as social media has become more prevalent in the lives of consumers and a more important tool for businesses, it has become much more difficult for companies to effectively manage. Digital communications channels have multiplied, and the amount of social media data available in 2010 – from tweets to blogs to customer reviews – is already huge. This customer feedback treasure trove continues to grow exponentially, meaning that companies interested in monitoring and leveraging such data (and that should be most) need to invest significant planning and resources into their social media strategies.
This is absolutely true. Web libel will only continue to increase as social media’s importance does.
http://www.information-management.com/newsletters/social_media-10017688-1.html