Surprisingly enough, now the fastest growing social media platform is not Pinterest (as it used to be), but Twitter, as reported by GlobalWebIndex. According to the study conducted across the 31 markets, the micro blogging platform is gaining momentum now and getting more active users than other social media platforms—the site is followed by Facebook and Google+, respectively.

YouTube is planning to introduce paid subscriptions for some individual channels, and this will start a whole new era in the history of the global video sharing community in particular, and online video in general. With this move, YouTube aims to attract more professional content makers as well as advertisers and refined audience to make the video platform a stronger rival of television. The first paid subscriptions are said to be launched in the second quarter of this year.

The mircoblogging site Twitter is going to allow posting micro-videos within tweets. The platform is allegedly going to enable its users to integrate up to six-second videos, created using Vine, with their tweets. The start-up service, which is believed to be a video-based rival to Instagram (now Facebook-owned), was purchased by Twitter in October 2012.

Facebook strives to make its platform as advertiser-friendly as possible. The social media giant has launched a new conversion measurement and optimization feature, which is specifically designed for direct response marketers. The new tool, rolled out globally, will help make the advertising on the platform more relevant and tailored to the target audience by tracking the performance of the ads on Facebook pages.  

Facebook has announced Graph Search, which is designed to help users of the social network No.1 find information within the site. Facebook says it has over than 240 billion photos and more than a trillion connections, created by more than million of its users, and Graph Search is “a new way to navigate these connections and make them more useful.” The new tool, which was introduced on February 15, is now in beta and is available for a limited preview only in English.

When social networking platforms and fashion brands unite for good, it may lead to something unexpectedly meaningful, as it has been the case with NY designer and philanthropist Diane von Furstenberg, who teams up with the U.S. non-profit vision benefits company, VSP and NYC Mission Society in a move to engage Pinterest users in a social charitable project #PinToGiveAndGet.

After seven long months of anticipation and constant checking out the black ‘beta’ version, today one of the earliest social networking pioneers MySpace has relaunched with a new fresh and sleek design, revised concept and irresistibly handsome co-owner Justin Timberlake in a suit and tie on the landing page of the website, exclusively presenting his new namesake single ‘Suit & Tie’ from the new album.