This document discusses the prevalence and growth of social media and microblogging platforms. It notes that establishing an effective social media presence for personal or business use takes time, strategy, and regular management. The document also outlines some of the main business functions of social media, including using social platforms for information sharing, social customer relationship management, marketing campaigns, market research, organizational communication, and investor relations. It stresses the importance of listening on social media as a starting point and ongoing activity.