This past week in the world of social media was all about Facebook

Facebook rules. Stats released this week show it continues to be the dominate social network. According to the latest Nielson Social Media Report (Q3, 20011) released this week, U.S netizens have spent over FIVE MILLION minutes (equivalent to approximately 102 years) on Facebook up until May, 2011. Time spent on Facebook is far more (100 times) than the time spent on Twitter, or any other websites.

This week, Facebook introduced several significant updates on their social network services in order to keep its crown as the top social social network in the world. From the Facebook blog:

#1 Improved  Friend Lists

Smart Lists are a new improvement to the existing friends list feature on Facebook. It helps to easily group friends into different lists, and receive updates from or share to different lists of friends. The best part is, Facebook even does the grouping for you!

  • You will see smart lists that create themselves and stay up-to-date based on profile info your friends have in common with you – like your school, work, family and city.

Facebook will also allow you to create your own Close Friends and Acquaintances lists, which allows you to see more updates from your best friends, and see less from the not-so-close ones.

The platform now makes Better Friend Suggestions for you to add friends into your  friend lists.

#2 Subscribe button

If the new friend lists are Facebook’s answer to the Circles from Google+, then the brand new Subscribe Button would be their move against Twitter. The Subscribe Button allows users to do three things:

  • To choose what type of content you want to see from your friends news feeds
  • To see certain types of updates from people whom you are not friends with
  • To share content with people whom you not friends with

Generally speaking, the Subscribe Button is very close to the functionality of  the “Follow” Button on Twitter.

#3 “View Share” button

The View Share option hasn’t been officially announced by Facebook yet, however, we heard that Facebook is currently conducting closed testing of this feature. The View Share option will appear on the comment box which allows user to see how people shared your content.

It is not hard to recognize that Facebook forward looking and gearing itself  up for the long haul . What do you think, should we now call it Facebook+?

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