With 90 percent of U.S. internet users having signed up for at least one social network, and one out of every eight people on the planet active on Facebook, social media has come a long, long way in a very brief period of time.

Indeed, one in every five minutes online is now spent using these social channels, a figure that has more than doubled since 2007. In each and every minute, we generate some 694,980 Facebook status updates and write 532,080 tweets. And 80 percent of those posts are about our favourite person – ourselves.

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