Sorry!! The article you are trying to read is not available now.
HOT TAGS:  

Report: Google+ the Fastest-Growing Social Network Ever

Print comment Post Comments
PLUS FUSS
DailyFeed
Just goes to show you: Between privacy gaffes, a cluttered news stream, and more interaction with one's parents, people are ready to find an alternative to Facebook.

And they've found one in Google+.

The rabid demand for Google+ invites and the explosive rise in membership have already caused the service to temporarily halt invites and actually maxed out disk space. Facebook also put a stop to a Chrome extension which easily transferred user info into Google+ Circles.

Even more telling, it's seemed to have stolen the spotlight from Apple news.

But to give you an idea of just how popular Google+ has gotten, Ancestry.com founder Paul Allen estimates that, come tomorrow, its user base will cross the 10 million member mark -- which, if true, makes it the fastest-growing social network in history.

According to his recent post, Allen calculates the number of members via the users' surnames and cross-references that list with the data from the US Census Bureau. The math is a bit fuzzy, Allen admits, but he claims his estimates are within a "99% level of accuracy." Allen writes:

More impressive than last week's growth is the astonishing growth in users from yesterday at mid-day to tonight -- a 30% jump. My latest estimate tonight shows approximately 9.5 million users. This suggests that 2.2 million people have joined Google+ in the past 32-34 hours.

I project that Google will easily pass 10 million users tomorrow and could reach 20 million user by this coming weekend if they keep the Invite Button available. As one G+ user put it, it is easy to underestimate the power of exponential growth.

Google has yet to confirm the results of Allen's analysis, but is expected to report on the membership this week.

But no matter the number, it's just nice to have a viable alternative to Facebook.

(See also: Google+ Runs Out of Disk Space and Facebook Panics Over Google+ Craze)

For an investment angle on these and many more tech stocks, take a FREE trial to the TechStrat Report by Sean Udall.
POSITION:  No positions in stocks mentioned.

TICKERS