Hot on Facebook

Guy Buys $123 Safe on eBay, Finds $26,000 Inside Seller tries to get half the cash back, fails »

Booming Facebook Closing Gap on MySpace

Social networking websites are busy places—especially in the summer months

By Jim O'Neill, Newser User

Posted Jul 24, 2008 11:30 AM CDT

(Newser) – Facebook may be No. 2 in the social networking industry, but its 40% growth from June 2007 to the same month this year is closing the gap between it and market leader MySpace. MySpace—which has 72% of the market—showed negative growth in visits for the year, says BizReport. Facebok users spend an average 21 minutes on site, MySpace a full half hour.

Over the same period, social networking site MyYearbook saw 318% growth, and Tagged saw an increase of 45%. Bebo declined 41%. BizReport says users visit social websites 40% more often in the summer than during the school year.

Mark Zuckerberg, founder and CEO of Facebook, introduces Facebook Connect while delivering the keynote address during the annual Facebook f8 developer conference in San Francisco, Wednesday, July 23,... (AP Photo/Eric Risberg)

MySpace still leads the social networking industry. (KRT Photos)

This image provided by Facebook shows the social networking site's new look,. (AP Photo/Facebook, ho)

« Prev« Prev | Next »Next » Slideshow

To report an error on this story, notify our editors.

More Newser Stories

Facebook Bad for Teens, Warns Archbishop

Social networking degrades friendship, can lead to suicide

(NEWSER) - Facebook and MySpace are degrading our ability to relate to one another and pushing young people to suicide, the head of the Catholic Church in England tells the Telegraph. Archbishop Vincent Nichols is concerned that social-networking websites encourage teens to form only “transient relationships,” which can leave them feeling hopeless when they dissipate. More»

I Say, Old Chap, Big Brother Is Watching Twitter

UK government weighs monitoring social sites for security threats

(NEWSER) - The British government wants to keep an eye on what people are doing on Facebook. On the lookout for terrorist plots, the Home Office has provoked an outcry from civil libertarians by floating a plan to track users of social networking sites, which were previously free of government monitoring, reports the Independent. The plan “would turn millions of innocent Britons into permanent suspects,” said one privacy advocate. More»

Lookin' for Love, 1 in 4 Turn to Arms of Networking Sites

Online dating no longer has social stigma

(NEWSER) - For those looking for love in all the wrong places, the right place might just be Facebook, reports the Telegraph, citing a new poll that shows one in four Britons are dating or have dated a person met through a social-networking site such as MySpace or Bebo. And in further evidence that websites are replacing the local bar as the meat market, one in 10 said they’d initiated a one-night stand through social networking. More»

AOL Brings in Outside Help With Homepage Redesign

Gmail, Facebook will be accessible from firm's web portal

(NEWSER) - AOL is overhauling its portal page, incorporating third-party email services and social-networking sites into AOL.com, paidContent reports. The redesigned site allows users to perform global status updates, so a message sent from AOL would show up on Facebook, Myspace, Twitter and more; users will also be able to view friends’ activity from multiple sites on an incorporated feed. More»

Networks Social Indeed, But Ad Dollars Remain Elusive

MySpace's marketing-friendly makeover part of sites' evolving drive to cash in

(NEWSER) - A makeover planned to begin Wednesday for MySpace is the latest sign of the continued struggle to make social networking the cash cow many thought it would be when News Corp. bought the site three years ago, the New York Times reports. MySpace's user base has grown from 16 million to more than 118 million since—but still falling short of profit targets. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

Booming Facebook Closing Gap on MySpace

Social networking websites are busy places—especially in the summer months

OTHER STORIES ON OUR RADAR

social networking • MySpace • Facebook • Bebo • Tagged

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Facebook Bad for Teens, Warns Archbishop

Social networking degrades friendship, can lead to suicide

I Say, Old Chap, Big Brother Is Watching Twitter

UK government weighs monitoring social sites for security threats

Lookin' for Love, 1 in 4 Turn to Arms of Networking Sites

Online dating no longer has social stigma

AOL Brings in Outside Help With Homepage Redesign

Gmail, Facebook will be accessible from firm's web portal

Networks Social Indeed, But Ad Dollars Remain Elusive

MySpace's marketing-friendly makeover part of sites' evolving drive to cash in

About Us

Site

Newser By Users

Community

Site Maps

Tools

More News

What is Newser?

Booming Facebook Closing Gap on MySpace

Social networking websites are busy places—especially in the summer months

Bookmark & Share

OTHER STORIES ON OUR RADAR

social networking • MySpace • Facebook • Bebo • Tagged

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Facebook Bad for Teens, Warns Archbishop

Social networking degrades friendship, can lead to suicide

I Say, Old Chap, Big Brother Is Watching Twitter

UK government weighs monitoring social sites for security threats

Lookin' for Love, 1 in 4 Turn to Arms of Networking Sites

Online dating no longer has social stigma

AOL Brings in Outside Help With Homepage Redesign

Gmail, Facebook will be accessible from firm's web portal

Networks Social Indeed, But Ad Dollars Remain Elusive

MySpace's marketing-friendly makeover part of sites' evolving drive to cash in

About Us

Site

Newser By Users

Community

Site Maps

Tools

More News

What is Newser?