Time Spent On Social Networks Surges

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By Douglas A. McIntyre Published
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The time that PC users spend on social networks has surged according to Nielsen.

“Americans spend nearly a quarter of the time they’re on the Internet from their PC, or about six hours a month, on social-networking sites and blogs. That’s a quantum leap from a year ago and underscores the growing power of Facebook, Twitter and YouTube.”

Web users devoted 23% of their time online to social networking sites, up from 16% a year ago.

The rise in social network activity has also helped multimedia consumption as people recommend content to their friends.

One of the most interesting findings of the Nielsen report is that “Twice as many Americans over 50 visited social networks than people under 18 years old.”

Other results of the study, taken in June is that 10% of people online play online games, eight percent use e-mail, and 4% use instant messaging.

What is not in the study is the effects of the changing habit of online users, both those who are PC-based and those who access the internet over wireless devices. Because there is only so much time that people can spend on the web, social networks are pushing down the time that people spend on web portals and other major sites. That, in turn, hurts the ability of these companies to sell advertising, particularly against relatively new sites and services such as Facebook, Twitter, and YouTube. Just as profoundly, those online may be cutting their use of Google and they use search features which work to explore the content on social sites instead of surfing the broader internet.

If time is money, traditional online media is in trouble.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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