Interesting column that I found, although numerous media companies have refuted these claims:
By Natasha Lomas Special to CNET News.com -->
Published: October 19, 2007, 10:02 AM PDT
Social-networking sites will enlist 230 million active members by the end of the year and will keep attracting new users until at least 2009, according to an analyst report. But investors are still wary--and for good reason, as long-term growth is by no means certain.
A report by U.K.-based Datamonitor, titled "The future of social networking: Understanding market strategic and technological developments," predicts that growth in the number of people signing up to be a part of the cultural phenomenon, which has put the likes of Facebook on the map, will peak by 2009 and plateau by 2012.
It also suggests revenues from social-networking services will hit $965 million this year, swelling to $2.4 billion by 2012.
http://www.news.com/Analyst-Social-networking-faces-uncertain-future/2100-1025_3-6214355.html
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