The document discusses the rise of user-generated content and social media. It notes that Time magazine named "You" as the person of the year in 2006 in recognition of users creating and rating content on sites like YouTube, Wikipedia, and MySpace. It also provides statistics about YouTube's growth and popularity. The document discusses how social media has changed trust online and consumer behavior. It notes brands should proceed with caution when using social media and must be willing to trade control for influence in the conversation.