Even social-networking sites can feel the blues.
Growth in traffic rose a reasonable 4 percent in February, compared with last year, but fell 1 percent from December as the world was gripped by the economic crisis, says Hitwise.
Facebook soared during the month, taking it out of the hide of MySpace as older users migrated from the News Corp. property to Mark Zuckerberg’s brainchild.
Traffic to Facebook grew 149 percent while MySpace visits fell 28 percent. Traffic to Tagged skyrocketed 280 percent.
According to Hitwise, the market share ranking among the top social networking sites are as follows: MySpace, 52.2 percent; Facebook, 36 percent; Tagged, 2.5 percent; and MyYearbook, 1.6 percent.
MySpace had the highest amount of time spent on-site: 29 minutes, 38 second.
But here is the most interesting observation. People 18 to 34 make up between 54 and 59 percent of people using Facebook and MySpace. People 35 and older prefer Facebook. Traffic among these older adults increased 23 percent on Facebook while falling 2 percent at MySpace.
Seems Rupert Murdoch can’t related to people his age.
Posted by Mark Boslet 
Facebook Takes Extraordinary Step By Giving Users A Voice On Site Policies
February 26, 2009Facebook created an extraordinary Web presence by giving members a place to link to friends, post personal information and see the personal information of others.
We have to hold ourselves to a higher standard, says Mark Zuckerberg
Now it is taking another exceptional step: it is giving users the opportunity to review, comment and potentially vote on policy changes proposed for its terms of service.
The change isn’t pure altruism. Earlier this month, the company changed its terms of service to give it greater freedom with the personal data people post on the site, even after they cancel their memberships. The policy changes unleashed a firestorm of protest from privacy groups.
On Thursday, Facebook said users would have a role in determining future policies.
“I think we really underestimated the sense of ownership Facebook users have in the site,” said founder and CEO Mark Zuckerberg said on a conference call. “We have to hold ourselves to a higher standard.”
The company’s plan will offer users the opportunity to review changes before they are enacted and to comment. Based on the number of comments – and how controversial a change becomes – a vote will be held, most likely giving members the chance to pick from a number of options.
“It will help strengthen the community,” said Zuckerberg. “We can’t just put up new terms of service without everyone’s permission.”