This document summarizes key trends in social media, including a shift from recorded to live video which engages viewers more; using employees to advocate on social media which has grown 191% since 2013; focusing on expiring rather than archived content like Snapchat; responding to customers within an hour on Twitter; using chatbots to provide 24/7 customer service; and the rise of virtual reality networks with over 11 million headsets projected to sell in 2016. The overall message is that businesses must know their audience and engage them on the platforms where they spend their time.