Vimeo has just announced its first major redesign since 2007. Vimeo’s new video page is awesome; the main focus is entirely on video, placing the details below the player and out of the way.

New Content Browser. At the top of any video page you’ll notice a transparent “More Videos” banner. From this top bar, users can scroll across related videos, access their own feed, see recently viewed videos and browse their Watch Later queue.

Redesigned Inbox. The logged-in homepage has a lot clearer purpose now. There's a new “Discover” area that focuses on new and interesting videos hand-picked from the community.

Read about all of Vimeo's new features on vimeo.com/new.

"The only member videos that get chosen to get the mobile encoding treatment are those that get picked by the site's editors. In the future, like the next several weeks--maybe longer, we'll be offering Plus users the option to transcode their videos to an iPhone version too."

Is social media a fad?

Or is it the biggest shift since the Industrial Revolution?

Welcome to the World of Socialnomics

A little outdated but still a pretty good chart comparison