It was a big year for social media. Twitter made its successful debut on the stock market while Facebook recovered from its troubled IPO a year earlier. We also saw the launch of Vine, the rise of Snapchat and the acceptance of social media by the SEC, which said public companies could use these sites to disclose information.
And that was just in the United States.
In China, which has the world’s biggest population of Internet users, ecommerce giant Alibaba spent $586 million for a stake in Weibo, the country’s top microblogging service and a rival to Tencent’s popular WeChat instant messaging app. Meanwhile, in the Ukraine, mobile phone operators were expecting a boom in data traffic as protests against the country’s president were organized over social networking sites, similar to the Arab Spring of 2011.