Photobucket CEO Says MySpace Still Growing

Posted on January 10, 2007

Photobucket Co-founder and CEO Alex Welch told CNNMoney.com's The Browser that MySpace's web traffic is still growing. Alex Welch also mentioned growth at niche social networks like VampireFreaks.com and scrapbooking websites like Two Peas in a Bucket.

Because subscribers use Photobucket primarily as a means to publish content elsewhere, Welch has a unique window into how traffic is moving around the Web. With a peek into the logs, he weighs in on the "death of myspace debate" rather definitively: Myspace "traffic is going up and to the right. It hasn't flattened at all." But at the same time, he's seeing fractionalization. Specialty networks like the goth site VampireFreaks.com are booming. And as Photobucket moves into the mainstream, its demographics are moving beyond the glitter set. Welch says users are starting to tend toward the 35/40 age range. "A lot of them have kids. Scrapbooking is huge. Two Peas in a Bucket is seeing a lot of traffic."

Photobucket provides photo and video storage and much of their storage comes from social networks so Alex Welch should have a pretty good idea which social networks are growing. The article also says that Photobucket has reached the 30 million user mark and is adding 80,000 new users per day.