In 2004, Mark Zukerberg created the world's most recognized, viewed and used social media 'Facebook'. Today Facebook has a population of around 500 million! Social media has been very well incorporated in our lives today.
Most of the teens claim that they can not live without the well known social media, Facebook and has become a vital part of their lives, however, on the other hand I believe that Facebook has reached its maximum potential and soon another social media website will take over the world. Till now only seen competitor that can be seen is Google+ by Google which is one of the top IT companies of the world. Although, Google+ has been launched, I currently feel people are still more attached to Facebook. Only time will tell what it has to bring with it.
Anyways, whatever has to come, the true power of social media is still not there. There are many things which will be unleashed in the future and in fact decide the future for social media itself. The power of social media can be seen through the Obama campaign. The reason for success of the campaign was social media. Who would thought of promoting politics via a social media? This was a smart move by Obama campaigners and now every political party's fan pages and groups can be seen on Facebook.