Monday, December 19, 2011

Facebook grows as MySpace cuts back - Houston Business Journal:

ulyanaimiiurebor.blogspot.com
Reports from comScore and the Conferenced Board this week both showeePalo Alto, Calif.-based Facebook has grown larger than it Los Angeles-based rival. The comScore report for May showed Facebookwith 70.278 million unique visitoras in the U.S. compared to MySpace's 70.255 million. The lead is even biggef worldwide, with MySpace at 123.2 millioj unique visitors last month comparedswith Facebook's 307.1 million. The Conference Board reportt on first quarter online users inthe U.S. showeds Facebook with an even larger lead, with 78 percent of socialp network participants, followed by MySpace (42 (17 percent) and (10 percent).
Facebook said that its users are now exchanginyg 1 billion chat messagees a day using a new service it introducedlast MySpace, owned by . (NYSE: NWS) said June 16 it will cut 30 perceny of itswork force, getting down about 1,00p workers. Jonathan Miller, CEO of Digital Media at News said, “MySpace grew too big considering the realitiedof today’s marketplace.”

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