Socialnomics Should Not Be Voodoo Economics

Socialnomics runs into some fact checking issues with its video heralding the incredible growth of social media. The video inadvertently highlights the key issues most frequently cited by social media critics: First, not referencing its obvious creative source – the Karl Fisch, Scott McLeod and Jeff Brenman “Did you Know” work. Additionally, the difficulty in measuring the impact of social media is amplified by several statistics turning out to be grossly inaccurate or based on unsubstantiated opinions.