PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Drilldown in Social Media Data

By Patricia McGinnis
January 21, 2011
in Mercator Insights
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Last summer, as Facebook passed the 500 million user mark, wesaw a reported decline in volume for Facebook use in June, in boththe 18-25 and 26-34 age groups. We speculated what that might mean,and had occasion to suggest to some clients that they should be abit cautious in handling Facebook volume data. Clearly, the grossgrowth trend wholly overtakes most other trends for specificsegments within the data, and yet, specific segments are what mostbusinesses seek to reach.

Businesses may forget that more than half of Facebook’s members areoutside the U.S., and many are mobile users, rather thanfull-screen PD-based users. Many also forget how unpredictable sucha data stream can be. Did those young users leave Facebook in June?Or did they have fewer opportunities to be active online when theyleft school for summer jobs? Is there seasonality in Facebookactivity data, in aggregate or by user segments? The truth is, wedon’t know yet, but we’re learning all the time.

A recent study by Entrustet, reported in Fast Company, sheds newlight on the complexity of Facebook data. Statistically speaking,Entrustet predicts that 1.78 million Facebook users may die in2011, of which about 480,000 would be from the U.S. (they combinedFacebook self-reported data with demographic data from the U.S.Center for Disease Control). Increasingly, businesses should focuson the difference between “user accounts” and “active” users, thosewhich Facebook reports have been online within the most recent30-day period.

Entrustet’s data also gives us another clue about those absentyounger users. It seems that approximately 150% of 20-24 year-oldsin the U.S. have Facebook accounts: in fact, several Facebookaccounts. While the problem is most extreme in that age group, itexists to some extent in other segments. Hmmm… do you remember evercreating a second account when you couldn’t remember ahastily-invented ID and password? I certainly have done it…..

Facebook (and other social networks such as LinkedIn) are plaguedby duplicate accounts as well as accounts which have been abandoneddue to death or illness or lack of continuing interest. Due togrowing privacy concerns, increasing numbers of Facebook users arenot providing, or are obscuring, birthday and age data, which makesage group segmentation increasingly suspect. Distortions in socialnetwork user data are inevitable. Users should get segmentationsthat make sense to them; get time series for trend analysis;compare numbers to real-world benchmarks such as population data,and more generally, handle such data with great care.

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: DebitMobile PaymentsPrepaid

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    metal cards

    Leveraging Metal Cards to Attract High-Value Customers

    December 9, 2025
    fraud as a service

    Keeping Up with the Most Dangerous Fraud Trends of 2026

    December 8, 2025
    open banking

    Open Banking Has Begun to Intrude on Banks’ Customer Relationships

    December 5, 2025
    conversational payments

    Conversational Payments: The Next Big Shift in Financial Services  

    December 4, 2025
    embedded finance

    Inside the Embedded Finance Shift Transforming SMB Software

    December 3, 2025
    metal cards

    Metal Card Magnitude: How a Premium Touch Can Enthrall High-Value Customers

    December 2, 2025
    digital gift cards

    How Nonprofits Can Leverage Digital Gift Cards to Help Those in Need

    December 1, 2025
    stored-value prepaid

    How Stored-Value Accounts Are the Next Iteration of Prepaid Payments

    November 26, 2025

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result