LinkedIn Generates More Traffic In The United States Than Myspace

LinkedIn generated more traffic in the US than Myspace during the month of June, becoming the 2nd biggest social network in the region. LinkedIn, in terms of traffic, is now ranked on the 2nd spot, just behind Facebook, which topped the ranking. The report was generated by comScore, a tracking firm. During the month of June, LinkedIn was a recipient of 33.9 million unique visitors from the US, in contrast with Myspace, which had 33.5 million.

Next in line was Twitter, which, during the month of June, had 30.6 million unique visitors from the United States. Undoubtedly, social networking website Facebook was able to top the rankings. Facebook had 160.9 million unique visitors. The social network has left behind other social networks in the league by a huge mark. It was also recently announced by the co-creator of Facebook, Mark Zuckerberg, that Facebook now facilitates as many as 750 million users all across the globe.

In 2005, Myspace was purchased by News Corp. for a whopping $580 million. However, the company had sold the website to Specific Media during the previous week in a loss, as it was sold for only 35 million dollars. The difference between the purchase and sell price is more than 500 million dollars. Moving back towards LinkedIn, the social network was set in motion on the Stock Exchange of New York during the month of May. The price gained momentum and was valued at greater than double during the first day it started trading.

The company’s shares were listed on the stock exchange for $45 for each share. During the start of the weekend, Friday, the price at which it closed on was 99.60 dollars. None of the social networks in the league, which includes LinkedIn, Twitter and Myspace, can beat Facebook as yet. Facebook’s user base is in excess of the other social networks and the user base keeps on increasing. However, with Facebook’s latest rival in the market, Google+, analysts are anxious as to how things will turn out, as Google+ is being considered as one social network that might prove to be a serious competition for Facebook.

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