News Burst: Internet growth may have peaked

Surfers are visiting fewer Web sites and spending more time with the ones they know at the expense of smaller sites, according to research by US analyst Media Metrix. The findings have not only sparked fears that the boom in Internet opportunities may be over, but also that Internet stocks may begin their long awaited descent.

Surfers are visiting fewer Web sites and spending more time with the ones they know at the expense of smaller sites, according to research by US analyst Media Metrix. The findings have not only sparked fears that the boom in Internet opportunities may be over, but also that Internet stocks may begin their long awaited descent.

Full story to follow.

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