Early Tremors: Is It Time for Another Social Network Shakeout?

Faint rumblings have begun in the social networking landscape. Facebook acquired smaller rival FriendFeed in August. Friendster, viewed as an also-ran in the U.S., has refocused its operations on the Asia-Pacific region, where it is among the leaders in traffic. News Corp., owner of MySpace, has reshuffled executives and restructured the unit as traffic growth slows. Experts at Wharton say that these moves and others may be the first hints of a shakeout in the social networking market.

Source: Knowledge@Wharton

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