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Social Networks: Future Prospects

Published online by Cambridge University Press:  05 September 2014

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Summary

Perhaps the only constant factor when discussing social networks (Facebook, YouTube, Twitter, Google+ etc.) is that they are on track to consolidate their position as the fifth estate, superseding the fourth estate (the press)—a position held throughout the 19th and 20th centuries as an instrument to monitor other authorities. This situation is beginning to change with the advent of social networks and the balance of power is shifting from the gatekeepers in traditional journalism to the ‘fifth estate’ represented by new Internet activists such as citizen journalists, who have acquired a legitimacy through real-life experience. The traditional fourth estate no longer has its former presence, but has become a mere follower, conveyor and promoter of the new estate, and is no longer capable of withstanding the sweeping power and influence of the new estate.

Researchers generally agree that the future will bring further qualitative developments, either in terms of the development of social networks themselves or in their effects; however, there are clear differences between their expectations and scenarios for the future. Some indicate that computing power will increase eight thousand-fold by 2026 (according to Moore's Law, based on Gordon E. Moore's 1965 prediction that processing power would double every 18 months). Video phones will be accessible in every location, rendering users ‘omnipresent’ and gradually reducing the need for face-to-face contact or communication. Forecasts indicate that the world's population will reach more than 8 billion by 2026, of which three billion will be using the web.

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Chapter
Information
From Tribe to Facebook
The Transformational Role of Social Media
, pp. 109 - 117
Publisher: Emirates Center for Strategic Studies and Research
Print publication year: 2013

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