CNET News.com reporter Caroline McCarthy co-wrote this article.
Life is getting more difficult for social-networking sites.
At the same time Facebook's traffic appears to have reached a plateau, News.com has learned that Piczo, a networking site that caters to teenage girls and was much written about in 2006, has seen layoffs, executive departures, high employee turnover, and a shrinking audience in the past five months.
Three former Piczo employees described a company grappling with the meteoric rise of competitors Facebook and Bebo and internal squabbles over the direction of the 3-year-old start-up. Piczo has also struggled to … Read more