MySpace Growth Tailing Off

SeekingAlpha Summary: In an apparent backlash, social networking website MySpace is seeing a decline in visitors and the deletions of pages by members as users tire of the vast community. Like competitor Facebook, MySpace is confronted with the problem of too much success: its population is now so huge that it is no longer effectively linking its target audience to like-minded people. To make matters worse, the site's large hit numbers have lured ad spammers who are effectively alienating the site's faithful. Both MySpace and Facebook lost visitors in September: unique visitors to MySpace fell 4% to 47.2 million from 49.2 million in August, and visitors to Facebook fell 12% to 7.8 million. "