The MySpace bubble

Courtesy: Forbes.com – click image to read entire story

If you haven’t yet directed your Web browser to MySpace.com or a site of its ilk, you’re late to a very crowded party. More than 70 million Americans visited a social networking site in April, according to Nielsen NetRatings–that’s nearly half of the U.S. Internet audience.

These sites, which consist of blank profile canvases that users personalize and then share with friends and strangers, are poised to carry the tech sector through a sustained boom. There’s money and eyeballs coming at these sites from all directions, but because there isn’t much money flowing back out again, some wonder whether we’re in for another bubble.