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MySpace Heads North Amidst Slump Economy

Posted by Vaibhav Kalamdani on January 17, 2009

myspace-jobs‘Come what may, nothing can affect us – not even Recession’ is what seems to be the mantra of social network giant MySpace, as it is successfully tackling the dark clouds hovering over the economy. As the US job market continues to suffer, MySpace along with other social networks have identified techniques to capitalize on the situation.

During the previous year, MySpace’s jobs site recorded tremendous traffic growth, especially after the dawn of the economic downturn. According to Angela Courtin, senior VP of marketing, entertainment and content for MySpace, the traffic has escalated threefold.

As per the latest numbers released by MySpace, users falling in the age group 21 to 34 years, accessing the jobs site, increased to over 160,000 in November, 2008 as compared to 83,500 on a year-on-year basis. Also, the average number of minutes spent per user increased from one minute to seven minutes in the last year.

Though job opportunities are available in the market, finding the one that suits you is a difficult task. Seeking a job largely depends on foraging job boards, where portals like MySpace and LinkedIn can prove to be very useful.

As far as linkedin-logoLinkedIn is concerned, its user-base rose to 31 million from 18 million at the start of 2008. Mainly, people joined LinkedIn to seek job connections and boost their employment chances. LinkedIn stated that actual registrations surpassed their estimation by 25 percent.

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One Response to “MySpace Heads North Amidst Slump Economy”

  1. Anwarkazi said

    They very useful for me ! Keep up the good work
    Thanks again

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