App Annie, a leading app store analytics company, recently presented a report that highlighted the continued rise of social networking as a phenomenon.

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While Social TV as a phenomenon has exploded in 2012, the chatter aspect of that has only congregated at massive scale on two platforms: Twitter and Facebook.

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Bubbles are a social phenomenon at least as much as they are a financial phenomenon.

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Social gaming started out as a phenomenon that was synonymous with Facebook.

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In that report, which talked about the data mining efforts undertaken by the ODNI, Reynard was described as: "a seedling effort to study the emerging phenomenon of social (particularly terrorist) dynamics in virtual worlds and large-scale online games and their implications for the intelligence community".

BBC: NEWS | Technology | US seeks terrorists in web worlds

While you may be immersed in social media as a consumer, how much thought have you given to the implications of this phenomenon from a business perspective?

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