What a week its been for the business of Social Media. Telecom giant Nokia acquired social media sharing service Twango, the YouTube CNN debates delivered solid ratings and Sun Microsystems said its latest earnings report today will be released on its website 10 minutes before it is distributed to news services.
“Nokia’s unique vision for social media aligns perfectly with Twango,” enthused Jim Laurel, co-founder of Twango.com. “It’s really exciting to imagine what we can achieve by combining our social media experience with the resources of a company that has played such a major role in shaping the mobile landscape.” What makes this noteworthy is that social networking has yet to make the leap to the mobile phone arena. If you recall, late last year Nokia launched musicrecommenders.com, a site that recommends new music based on user’s preferences. With this purchase, Nokia is trying to bridge that divide.

