Feb
21
Social Network Shrinkage? I wish…
February 21, 2008 |
CNet is running a story on how traffic to Facebook, Bebo and MySpace dropped between 2 and 5 percent between December and January:
If anything, this could mean that after rapid expansion, social networks have reached a saturation point. “It was inevitable that early growth rates couldn’t be sustained, and the larger networks have been plateauing over the last few months,” Nielsen analyst Alex Burmaster told the Guardian.
I don’t know who these analysts are, but maybe they should have a look at who the users of these sites are and what they tend to be doing in December. Every single social networking site sees a drop during December because college students are on vacation. Simple as that. What these numbers really mean is that the market never grew much beyond college students - that should be the real concern here.
I wish people would get tired of social networks and stop using the Internet with training wheels and get themselves a real web presence, but until then, many an analyst will make money predicting this kind of stuff.
Update: TechCrunch today reported on the stagnation of Facebook traffic over the last few months. This, I think, is different from the situation in the UK where there is no evidence for a stagnation, just a seasonal dip. In the US, the market may indeed be saturated.
Share This
Related Posts
- More Useless Social Networks
- Why Facebook Will Fail
- What Numbers to Trust
- Class Divisions between Facebook and Myspace
- Microsoft in Talks with Facebook
Comments
4 Comments so far
Get new posts by RSS
As anyone who has run anything from web forums to email list will tell you there are specific times of the year when any service will see a drop in users. The next drop will most likely happen near the end of June .. I wonder what these pundits will write about then.
I got use to this cycle back when I had the WinExtra NNTP newsgroups and it has continued with the web forum version.
It just seems so obvious, doesn’t it? I always like to point out reckless punditry
[…] I saw Frederic’s post on his The Last Podcast blog where he states the obvious answer (thanks for the sanity Frederic) for why this decline is […]
[…] I would have liked a list of those “newer and more credible alternatives,” because as far as I can tell my oldest daughter (18) and her friends continue to use Facebook just as much, if not more — and so does my middle daughter and her group of friends, who are 14. As the BBC story notes (towards the end), Facebook’s user base in Britain is more than 700 per cent larger than it was a year ago. And as WinExtra and The Last Podcast note, seasonal dips are not uncommon. […]