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...There’s also the issue that these mobile ads are completely new. Users don’t know any better and happen to click on them. However, over time (and probably pretty quickly), they will learn to avoid these new ads. When banner ads began in the 1990s, CTRs over 5% were common. They are currently 0.2 – 0.3%.

Facebook’s stock price reached a new low Thursday as shares of the world's largest social network fell below $20 for the first time, down by nearly half from its $38 initial public offering price.

A year after they first began buying Facebook stock, many Fidelity Investments fund managers are shrinking their stakes in the company.

China's Twitter was raucous Thursday with horn-tooting over Beijing's gold rush at the London Olympics, a digital reflection of the nation's exuberant mood - embellished with flashing emoticons. Earlier passions have been ignited on the site by a deadly high speed rail crash and outrage over factory pollution....

Currently, the “New Digg” is facing a host of problems. Digg has 14 million pages indexed in Google, those pages are now 404′ed. Digg’s entire database of archived content vanished over night, including now-defunct user profiles. In one swift move, they’ve completely eliminated the community by removing each and every user account to exist,with little explanation and no answer to when users will be getting their accounts back.

A commerce site called Limited Run, in announcing that it was deleting its Facebook page, claimed that 80 percent of its ad-clicks on Facebook came from "bots" or automated accounts, and only a fifth from genuine users.

To the charges of putting the interests of a corporate partner above those of a human user, Twitter pleads guilty. The social messaging service has apologized for suspending the account of Guy Adams, a correspondent for The Independent and vocal critic of the way NBC has covered the Olympic Games.

Facebook’s results illustrated a reality for social media: It’s a soft sell medium in which advertising may not be that interesting or relevant to consumers. This is important because it means the revenue potential for social media companies such as Facebook may not be as high as many people assumed.