Social Media Round-up of the Week – 1 July

Welcome back to our weekly instalment of what’s hot in the world of social media. In case you missed what happened over the past week, here’s a run-down of our top five:

1. Twitter on Thursday revealed that it is now handling 200 million tweets per day. That’s up from 2 million tweets per day in January 2009 and 65 million per day in June 2010, Twitter said in a blog post. “For perspective, every day, the world writes the equivalent of a 10 million-page book in Tweets or 8,163 copies of Leo Tolstoy’s War and Peace,” the company wrote. “Reading this much text would take more than 31 years and stacking this many copies of War and Peace would reach the height of about 1,470 feet, nearly the ground-to-roof height of Taiwan’s Taipei 101, the second tallest building in the world.”

2. Music superstar and actor Justin Timberlake has signed on as a new partial owner of MySpace, along with Specific Media, which bought the service from Rupert Murdoch’s News Corp. According to The Hollywood Reporter, Timberlake will play a significant role in the reboot of the website, developing a strategy for a new creative direction for MySpace.

3. It has only been around for a matter of days but new social networking platform Google+ has already run into a privacy issue. Google+ has a feature that lets you reshare what someone posts. By letting you reshare, the post goes beyond the circle or circles it was intended to be seen by. This loophole was first spotted by the Financial Times.

4. Ever wondered why some people get so many retweets and their content on Twitter goes further? Well, don’t say we never give you hints and tips; here’s a five point guide, courtesy of New Scientist on how to increase your retweets and spread your content far and wide.

5. There has been widespread speculation about whether we’re entering the second dot.com bubble. Our infographic (right) should give a bit more context.