This year’s Olympics earned the nickname “Socialympics.” It has inspired huge waves of tweets, brought down the reputation of old media giants, and earned athletes millions of new followers in weeks.
Since the Beijing Olympics four years ago, the use of Facebook and Twitter has exploded. In 2008, there were only 6 million people on Twitter. Now, the network has rocketed past 600 million. Athletes can engage directly with their fans; social media marketing and analytics companies can track shifts in public opinion and serve real-time advertising; and for the first time, London’s tech startups have benefited from an influx of tourism.