Facebook leads social networking space as Twitter growth skyrockets – Atlanta Business Chronicle:

According to the new report, Facebook userss logged 13.9 billion minutes on the site in April, making it the most populard social networking site onthe Web. was the seconf most popular social networking site with about 5 billiom minutes spent logged in Twitter logged roughly 300million minutes, and LinkedIn about 202 According to the Nielsen study, total minutes spent on social networkin g sites has increased 83 percent year-over-year. Twitter had far-and-away the fastesty growth over the pastyear — with abougt 37-times more minutes spent on the site in April compared to April of last Facebook also posted rapid growth, with a seven-foled increase over last year.
“We have seen some majoe growth in Facebook during thepast year, and a subsequenr decline in MySpace. Twitter has come on the scene in an explosivw way perhaps changing the outlook for theentirwe space,” said Jon Gibs, Nielsen vice online media and agency insights. “The one thing that is cleafr about social networking is that regardless of how fast a site is growingh or how bigit is, it can quickly fall out of favo with consumers.” While Facebook has become the top dog in the socialo networking space, MySpace is the leader in online With 121 million video streams, MySpace.com was the No.
1 sociak networking destination when ranked by streams and tota minutes spent viewing MySpace visitors spent 384 million minutes viewing video on the with an averageof 38.8 minutes per viewer. In comparison, Facebooj visitors spent only 114 million minutes viewinb videoin April, with an average of 11.2 minutess per video viewer. The Nielseh Co. is a global information and media company specializing inconsumeer information, television and other media
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