Image via CrunchBase

The phenomenon that is social networking changes the way people and businesses communicate and Facebook and Twitter have been at the forefront of this worldwide trend.

The leading social-media sites are now being floated on the stock market, allowing individuals and businesses to invest. It is important, however, that investors research the best stocks and shares ISA before putting money into a range of investments.

As the popularity of social media increases, new websites are being launched in the hope that this success can be shared. Internet technology is the future of communication and it is not only social-networking websites that are seen as potentially profitable investments.

Here are five new websites that could be the next big thing. Investors in social media and other internet start-ups may be interested in keeping an eye on these new ventures.

It’s not all fun and games in social media today. The original social media platform, MySpace, is hemorrhaging up to 10,000,000 visitors per month at the moment and News Corp, who bought the site 5 years ago for $580,000,000 are currently looking for a buyer.

The site, which in many ways taught its supersedents how not to do social media dropped web traffic from 73,000,000 to 63,000,000 between January and February this year. In a report released by comScore it was found that the social entertainment site cum social media platform cum social entertainment site again was experiencing about half the traffic it was a year ago.