Social Networks Rise

Richard MacManus writes:

US Web stats company Compete has some interesting analysis on how Social Networking sites compare to portals. From a sample size of around 2 million US people, Compete concludes that social networking sites are quickly approaching the traffic level of the big portals like Google and Yahoo. Their key findings:

1. In June, 2 out of every 3 people online visited a social networking site

2. Since January 2004, the number of people visiting or taking part in one of the top online social networks has grown by over 109%

3. Social networking sites are now close to eclipsing traffic to the giants – Google and Yahoo

They liken the growth of SNS to email in the 90’s.

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Rajesh Jain

An Entrepreneur based in Mumbai, India.