This document summarizes the history of communication technologies from the telegraph to the modern internet and social media. It discusses how early networks allowed for one-to-one and one-to-many communication, but modern social networks allow for many-to-many interaction and user-generated content through the read-write web. This has empowered customers and weakened brands' control of messaging. The document argues that social media provides opportunities for low-cost visibility, viral marketing, and harnessing online word of mouth, but that reputation management is a threat to brands that must be addressed.