The Impact of Social Media on News

The world has experienced a change from the quintessential traditional modes of news reporting to a more social media-centric way. The transformation of social media has initiated driving the society, connecting people from all spheres of life together and giving the people a voice (Bakhurst, 2011). However, social media also raise a number of concerns such as ethical problems, lack of privacy, lack of anonymity, defamation, to name a few (Artwick, n.d).&nbsp.
Social network refers to a place or forum where people share information and communicate with one another. It connects people through interpersonal means such as interest, friendship, ideas, etc (Coyle &amp. Vaughn, 2008). As human are societal and need to require a relationship with other people, therefore, the importance of social networks cannot be denied (Coyle &amp. Vaughn, 2008, p. 13). Social media include mobile-based and web-based technologies such as podcast, social blogs, and weblogs besides magazines and other sources (Kaplan and Haenlein, 2010).
According to Kaplan and Haenlein, there are six different types of social media: collaborative projects (e.g., Wikipedia), blogs and microblogs (e.g., Twitter), content communities (e.g., YouTube), social networking sites (e.g., Face book), virtual game worlds (e.g., World of Warcraft) and virtual social worlds (e.g., Second Life).
Social networking is still the fastest-growing active social media behavior online, this is followed by updating a micro-blog such as Twitter, which increased from 13% to 24%. There are over 2.8 billion social media profiles around the world, 70 million word press and 39 million tumbler blogs worldwide.&nbsp.According to Gartner, global social media revenue is forecasted to reach $14.9 billion in 2012 and double to reach $29.1 billion by the end of 2015. There are currently over 845 million active users on Face book, 465 on Twitter and 4 billion videos viewed globally every day on Youtube.&nbsp.