What’s the Definition of Social Media?
Thursday, June 4th, 2009Last week, MAGNA, Mediabrands’ global media forecasting and investment strategy unit, put out a social media “forecast.” After exploring the question “What IS social media?”, they delivered their definition by socializing in public as well as on the Wikipedia page for Social Media. They also posted a Facebook note with the information.
So why deliver the information this way? Advantages of social media, they said, were that “anyone can add to the conversation,” while its limitations are that “most people still consume most social media content in a passive manner — which begs the question of whether or not our social media content was in fact social in nature, or more akin to traditional media.”
The other definitions of social media MAGNA collected were quite interesting. “The facilitation of word of mouth with technology,” “trackable conversational content about brands, products or anything,” “consumer generated content that influences perceptions” — these are just a few, but it’s easy to see a theme with these specific examples.
What MAGNA deemed their preferred definition is what they wound up adding to the Wikipedia page on Social Media: “a set of technologies, tools and platforms facilitating the discovery, participation and sharing of content.” They make a point to say at the end of their forecast that the definition of social media will change as the industry evolves, and they’re still refining their own definition of it.
If you want to add your thoughts to MAGNA’s forecast, they welcome input at their Facebook discussion.

