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Social media used to be free. Not anymore.

Vox

Friso Gentsch/picture alliance via Getty Images You used to pay for social media with your eyeballs. If you’re not paying for the product, you are the product” has long been a common refrain about the business of social media. But now, this free model of social media — subsidized by advertising — is under pressure.

Media 100
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Research: The acceleration of Australian banks’ use of social media

Trends in the Living Networks

Financial services is one of the most industries in which the use of social media is the most relevant, not least because customer service is a critical differentiator between highly commoditized offerings. Social media, used well, provides an opportunity to build relationships in a world in which most financial services are executed online.

Banking 133
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CommScope Sensitive Employee Data Breached in Ransomware Incident

SecureWorld News

CommScope, a network infrastructure company based in North Carolina with more than 30,000 global employees, has suffered a data breach and leak following an apparent ransomware attack last month.

Data 81
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Business Today: Interview on how business can use social media

Trends in the Living Networks

Yesterday I was interviewed on the Business Today program on the Australia Network, ABC TV's international network which broadcasts across Asia. Companies are networks working in a networked world - social networks are invaluable tools for them both internally and externally.

Media 118
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Crowdfunding creates a new layer of capital markets and new layers of value

Trends in the Living Networks

As the bank spokesperson noted, crowdfunding is unlikely to impact in any significant way the existing loan portfolio of banks. Almost no projects on crowdfunding platforms would have any chance of getting bank lending. Crowdsourcing Financial services Reputation Social media Social networks Social trends'

Banking 166
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Lloyds TSB pilots social media - Trends in the Living Networks

Trends in the Living Networks

About Ross Dawson Keynote Speaking/Strategy AHT Group Future Exploration Network The Insight Exchange Repyoot Recent Media Appearances « Interview on the state of applying Web 2.0 In a recent post New ways of collaborating at the bank , James writes about how Lloyds TSB is piloting social media such as blogs.

Media 60
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Insights into effective social media policies

Trends in the Living Networks

Last week I was part of a panel on the SkyBusiness Technology Behind Business program discussing corporate social media policies, comprised of Peter Williams of Deloitte, Adrienne Unkovitch of Workplace Guardian, and myself. Deloitte actively encourages staff to use social networks.

Media 137