The document discusses the growth and popularity of social media and its benefits for businesses. It notes that over 200 million people use blogs and Facebook, and that social media can help businesses with reputation, differentiation, risk reduction, client retention, brand association, long term revenue opportunities and perception shifting. The document also provides statistics on time spent on social media and demographics of social media users. It argues that social media allows businesses to improve communication with clients, connect with new clients, and improve web traffic and search engine rankings.