Social networks and online shopping.

Are you on Facebook, youtube, myspace, or how about all 3? Here are some small facts I dug up as I was reading online about these networks.

Facebook is worth potentially $15 billion and has more than 40 million users

Myspace has more than 75 million users

Youtube has more than 200,000 video views a day!






Damn! Whats the big deal? Well, if everyone is going online to look for entertainment and socialising, whats the point of having cinemas, stores, DVDs etc? Well maybe there isn't.

Social networks and online shopping is so profitable because the cost to run a website is almost nothing. You can buy so much cheaper online and can reach many more people than going to the high street or the park. However, social changes online doesn't mean we shouldn't go out. That wont change but business will, and massively.

Although the cinema industry is growing healthily with all these new technologies, so is the online craze. Billions of pounds worth of merchandise are bought through the internet, and all those people are not going to the stores. Im prediciting that in 20 years time or less, the high street will no longer have a place, but we will all stay online (thats just me) and buy.