Social media: Participatory online media where news, photos, videos, and podcasts are made public via social media websites through submission. Normally accompanied with a voting process to make media items become "popular".
Social Media Expanded Definition: Social Media is the democratization of information, transforming people from content readers into content publishers. It is the shift from a broadcast mechanism to a many-to-many model, rooted in conversations between authors, people, and peers.
Social media uses the “wisdom of crowds” to connect information in a collaborative manner. Social media can take many different forms, including Internet forums, message boards, weblogs, wikis, podcasts, pictures and video. Technologies such as blogs, picture-sharing, vlogs, wall-postings, email, instant messaging, music-sharing, group creation and voice over IP, to name a few. Examples of social media applications are Google (reference, social networking), Wikipedia (reference), MySpace (social networking), Facebook(social networking), Last.fm (personal music), YouTube (social networking and video sharing), Second Life (virtual reality), and Flickr (photo sharing).
Distinction from traditional media
Social Media or Social Networking(industry term) has a number of characteristics that make it fundamentally different from traditional media such as newspapers, television, books, and radio. Social media is not finite: there is no set number of pages or hours. The audience can participate in social media by adding comments or even editing the stories themselves. Content in social media can take the form of text, graphics, audio, or video. Several formats can be mixed. Social media is typically available via feeds, enabling users to subscribe via feed readers, and allowing other publishers to create mashups. Social Media signifies a broad spectrum of topics and has several different connotations. In the context of internet marketing, Social Media refers to a collective group of web properties that are driven by users. For example, blogs, discussion boards, vlogs, video sharing sites and dating sites. Social Media Optimization (SMO) is the process of trying to get ones content more widely distributed across multiple Social Media networks. Social Media has two important aspects. The first, SMO, refers to on-page tactics through which a webmaster can improve a website for the age of social media. Such optimization includes adding links to services such as Digg, Reddit and Del.icio.us so that their pages can be easily 'saved and submitted' to and for these services. Social Media Marketing, on the other hand, is an off-page characteristic of Social Media. This includes writing content that is remarkable, unique, and newsworthy. This content can then be marketed by popularising it or even by creating a “viral” video on YouTube and other video sites. Social Media is about being social so this off-page work can include getting involved in other similar blogs, forums, and niche communities. Searhc Engine Marketing or SEM involves utilization of all available Social Networking platforms to brand a product using Search Engine Optimization or SEO techniques of communication, to the end consumer.
Examples
A few prominent examples of social media applications are
Social Advertising: Social Advertising and Social ads
Wikis: Wikipedia
Social networking: MySpace and Facebook
Presence apps: Twitter and Pownce
Healthcare apps: CareFlash
Video sharing: YouTube
Virtual reality: Second Life
Events: Upcoming
News aggregation: Digg and Reddit
Photo sharing: Flickr and Zooomr
Livecasting: Justin.tv
Social bookmarking: del.icio.us and StumbleUpon
Online gaming: World of Warcraft
Game sharing: Miniclip.com
Social shopping: Amazon.com
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