360DigitalInfluence

TIME Magazine’s person of the year in 2006 was “you,” paying tribute to the hundred millions of social media users who framed the information age with user-generated content. Conceived in 2006, Twitter, along with other “emerging platforms,” was evolving and looking for better ways to enable users to share content. Five years later, Twitter includes brand pages in efforts to expand its 100 million user base.

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With personalized Internet radio and music platforms becoming more prominent, integrating  social networks have become a key component to online music discovery. Aside from learning  that Robert Scoble and I have similar tastes in music (The Rolling Stones, OutKast, and Madonna  to name a few),  I’ve also deduced that Facebook has the capacity to play a crucial role in users’ online music discovery process.

Courtesy of Musicskins.com

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Ten years ago, sharing photographs and videos meant snail-mailing content to family and friends. Now, sharing photographs and videos are a digital activity, with online sharing sites and smart phones applications like Instagram, Path, and PicPlz being quickly integrated into daily social media regimens.

Enter Color: the latest mobile photo application drawing mixed reviews about the application. Prior to Color’s launch, Sequoia Capital, considered “one of the highest caliber venture firms” by Wall Street Journal, invested $25 million,  Bain Capital invested $9 million, and Silicon Valley Bank provided $7 million in venture debt, presenting Color with an accumulative $41 million in funding.  Since its launch, the application has received 2/5 stars based on over 600 reviews on the iTunes App Store. Commentary has noted the application’s function as a stalking mechanism, others have expressed that the user interface is not very intuitive, and the most reoccurring question I’ve encountered is, “is Color worth $41 million?”

Despite this feedback, Color attracted adoption and positive reactions from technology elites, including Tristan Walker of FourSquare, Joshua Williams of Gowalla, and David Heinemeier Hansson of Ruby on Rails. Within a week of its public debut, Color is ranked second in number of downloads for social network applications, just behind Facebook. After having the opportunity to use this application over the past few days, I have come to two conclusions: 1.) I am shamelessly addicted and 2.) It is indeed an important product that has high business potential.

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Last week, first lady Michelle Obama explained that Facebook is not something her daughters need. More specifically, when asked if Sasha and Malia are on Facebook, Mrs. Obama joked that she’s lucky to be under a lot of constraints, noting the United States Secret Service as one of the obstacles preventing her girls from obtaining a personal Facebook account. I couldn’t help but wonder, how many people share Mrs. Obama’s sentiments? In particular, does parental disapproval affect the way young teenagers use social media?

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