The last post focused on the decrease of users visiting the majority of top applications on Facebook. To clarify, this does not mean that social networks are doing poorly. In fact, as a whole, social networks are growing. Compete.com, which provides user traffic within the United States, shows that between June 2008 and October 2008 Facebook, Bebo, Orkut, Ning and hi5 all had an increase in US traffic. The chart below outlines the US traffic for many social networks, as well as the percent change experienced during the time frame.
Worldwide social networks are also growing.
The chart below shows the worldwide growth experienced by social networks for the first half of 2008. Facebook and hi5 had the most new visitors (34,313,000 and 24,939,000 respectively).
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