Iceland turns to social media as it rebounds from crisis

03/16/2012

Iceland's economy is bouncing back thanks in part to its love of social media, says President Ólafur Ragnar Grímsson. The country is highly active on Twitter, Facebook and Tumblr, and it crowdsourced the drafting of its Constitution via social media sites, in a move that Grímsson says is in keeping with Iceland's ancient democratic values. "You can look at it as an innovative thing, in terms of modern technology, but it's actually just a modern expression on an old Icelandic tradition," he says.

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