US web traffic jam as people search for financial news 1422 1514 PakRealEstateTimes.Com

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US web traffic jam as people search for financial news

10-10-2008, 07:31 AM

Post: #1

Naveed Yaseen
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US web traffic jam as people search for financial news

SAN FRANCISCO (October 10 2008): The financial crisis has people flocking to the Internet for the latest money news along with tips on how to salvage investments and save on the routine costs of living. Visits to websites such as the business-centric Wall Street Journal and economy-focused Yahoo Finance set new records as the US Congress grappled with its 700 billion dollar plan to stop credit markets from imploding.

"Investment pages are just red hot right now with people wanting to know what is going on with stocks," Yahoo Finance general manager Mark Interrante told AFP. "We have been impressed by the traffic. People are not just diving down into stocks but asking what is going on, how it affects them and where it is all going." Activity is up 40 percent at Yahoo Finance message boards where people chat online about cash, finance.

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