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	<title>The Content Factory &#187; twitter</title>
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	<link>http://thecontentfactory.org</link>
	<description>Precisely seven per cent keyword rich</description>
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		<title>Twitter, Facebook bring world economies to their knees</title>
		<link>http://thecontentfactory.org/twitter-facebook-bring-world-economies-to-their-knees</link>
		<comments>http://thecontentfactory.org/twitter-facebook-bring-world-economies-to-their-knees#comments</comments>
		<pubDate>Sat, 05 Jan 2008 17:24:08 +0000</pubDate>
		<dc:creator>thecpay2</dc:creator>
				<category><![CDATA[Internet]]></category>
		<category><![CDATA[Social Media]]></category>
		<category><![CDATA[facebook]]></category>
		<category><![CDATA[twitter]]></category>

		<guid isPermaLink="false">http://thecontentfactory.org/twitter-facebook-bring-world-economies-to-their-knees</guid>
		<description><![CDATA[Nope, it&#8217;s not Islamists, the Russians or short-sighted Americans taking unaffordable loans. No, the globe&#8217;s financial wiring is being pulled apart by&#8230; instant messaging and your online buddies. OK, so it&#8217;s the late noughties version of IM and buddies, but it&#8217;s IM all the same. I&#8217;ve been monitoring various stories this week concerning the public [...]]]></description>
			<content:encoded><![CDATA[<p>Nope, it&#8217;s not Islamists, the Russians or short-sighted Americans taking unaffordable loans. No, the globe&#8217;s financial wiring is being pulled apart by&#8230; instant messaging and your online buddies.</p>
<p>OK, so it&#8217;s the late noughties version of IM and buddies, but it&#8217;s IM all the same. I&#8217;ve been monitoring various stories this week concerning the public use and abuse of Facebook and <a href="http://twitter.com">Twitter</a>, mostly prompted by analysts and hacks wondering at the growth and value of the two social web giants.</p>
<p>Pat Phelan over at <a href="http://blog.roam4free.ie/never-mind-what-are-twitter-costs-whats-the-cost-of-twitter/">Roam4Free</a> pulls together a few stats behind Twitter&#8217;s usage.</p>
<blockquote cite="http://blog.roam4free.ie/never-mind-what-are-twitter-costs-whats-the-cost-of-twitter/">
<p>According to @missrogue and @fredericguarino there over 450.000 active users and 750.000 registered users on Twitter and with Twittown suggesting 340,000 accounts in July and a growth figure of 60,000 users per month you can settle on a rough 1 million users.</p>
<p><a href="http://blog.roam4free.ie/never-mind-what-are-twitter-costs-whats-the-cost-of-twitter/"><cite>Never mind what are Twitter costs, whats the cost of Twitter? at Roam4free</cite></a>
</p></blockquote>
<blockquote cite="http://blog.roam4free.ie/never-mind-what-are-twitter-costs-whats-the-cost-of-twitter/"><p>
  
</p></blockquote>
<p>Phelan does the maths, and suggests that Twitter use will cost the economy $13.5bn in 2008.</p>
<p>And as I opened The Daily Mail today (excuse: only newspaper in the coffee shop, and I was bored), I was greeted by a <a href="http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=506162&amp;in_page_id=1770">two-page scare piece</a> by Radio 4&#8242;s John Humphries investigating the new fixation with virtual identities.</p>
<p>Which is my cue to sound like Meldrew: we&#8217;ve had this for as long as I can recall, with culprits ranging from Rubik&#8217;s Cubes to Elvis. It&#8217;s an age-old page-filler on quiet days.</p>
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