Has Social Media Peaked?

You can’t argue that social media is the Web’s hottest trend, but is this trend really just a fad? The following data from compete.com shows us that every major social network lost unique visitors from January to February 2010. Here are the numbers:

Facebook: -4.32%
MySpace: -11.52%
Twitter: -9.63%
LinkedIn: -8.3%

Telling numbers? Maybe. But, even with the drop off, the overall number of participants on these networks is just too great for you, or your business, to ignore.