White-label social networking platform Ning has announced a new round of financing to the tune of $15 million, meaning it has raised a total of $119 million to date. The company helps brands (and bands) to launch their own social networks, and has been used by the likes of Radiohead and 50 Cent. The company says it is adding 4,000 new networks a day. However, traffic to its sites actually declined 10% in May, according to comScore.

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