SOURCE: Century Capital Research

August 13, 2012 13:21 ET

Gartner Predicts Social Media Revenue to Hit Almost $17 Billion in 2012

NOTE TO EDITORS: The Following Is a Research Alert Issued by Century Capital Research

NEW YORK, NY--(Marketwire - Aug 13, 2012) - Gartner, Inc., the world's leading information technology research and advisory company has predicted that revenue from social networks will grow an impressive 43.1 percent year-over-year in 2012, putting the total amount of income generated by sites like Facebook, Twitter, and Linkedin at $16.9 billion (www.searchenginewatch.com/article/2194675/Social-Media-Revenue-Forecast-to-Hit-16.9-Billion-in-2012).

The Gartner report states, "they (Social Media Sites) should also continue to exploit other channels of revenue like mobile advertising and social commerce." In addition to the Gartner report, BIA Kelsey predicts a 13 percent increase in local digital advertising with mobile search set to grow by 77%.

TagLikeMe, Corp (OTCBB: TAGG) has recently announced that they are moving their shared social search site, TagLikeMe.com to Apple's iOS platform to fully integrate its product into the largest mobile platform in the world. TAGG management expects to launch the new iOS/iPad mobile app version of TagLikeMe in Q4 2012.

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