Social media is booming in Brazil, which has become a major market for both Facebook and Twitter. But Brazilian law is still in flux, and legislation is only just being created to deal with the rise of social media.
The use of social media is exploding in Brazil. It's the third largest market for Facebook and the fifth largest for Twitter.
The controversial women-only app Lulu recently launched here and quickly became the top downloaded app in the country, making Brazil Lulu's biggest market.
"I think it is cool because it's a social network for what all women throughout history have always done — talk about the guys we like, the guys we think are handsome," says 20-year-old Marcela, as she taps away at the Lulu app on her iPhone.
Millions of people are turning their thoughts to self-improvement and New Year's resolutions this week. And one of the most common resolutions, after promises to lose weight or get in better shape, is to be better about money.
A handful of entrepreneurs in the Bay Area have taken note — and they believe the time has come for you to try a different way of managing your money.