social media

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social media [noun]

websites and computer programs that allow people to communicate and share information on the internet using a computer or mobile phone

US /ˌsoʊ.ʃəl ˈmiː.di.ə/ 
UK /ˌsəʊ.ʃəl ˈmiː.di.ə/ 
Example: 

Companies are increasingly making use of social media in order to market their goods.

Oxford Advanced Learner's Dictionary

social ˈmedia 
BrE  ; NAmE  
[uncountable, plural]
websites and software programs used for social networking Companies need to invest in social media to make it work for them.
 social media sites such as Facebook and Twitter 
Social media are changing the way people communicate, work, and shop.

Cambridge Advanced Learner's Dictionary

Cambridge Advanced Learner's Dictionary - 4th Edition
 

ˌ social ˈ media noun [ U or plural ]

websites and computer programs that allow people to communicate and share information on the internet using a computer or mobile phone :

Companies are increasingly making use of social media in order to market their goods.

© Cambridge University Press 2013