Tuesday, October 13, 2009

Twitter & Facebook Use Skyrockets; MySpace Swoons

Image representing MySpace as depicted in Crun...Image via CrunchBase
According to an Internet monitoring company's recent study reported in Computerworld magazine, site visits to Twitter last month climbed 1,170 percent compared to September 2008, figures, while social networking leader Facebook boosted its market share boosted by 194 percent.

The report by Experian Hitwise found Twitter, the fourth most visited social networking destination, capturing 1.84 percent of the social media market in September 2009, among the nation's 155 largest  social networking sites. Facebook continues to dominate the field, capturing just shy of 59 percent of all U.S. social network hits in September 2009, compared to roughly 20 percent at that time last year. Meanwhile, MySpace is losing traction. Though still the second largest social networking site with a 30.26 percent share of the domestic market, MySpace, when matched against its industry leading share in September 2008, dropped 55 percent in the latest report by Experian Hitwise.

Rounding out the top five domestic social networking sites, the five-year-old Tagged climbed 47 percent to capture a 2.38 percent market share, while fading myYearbook.com came in at a market share slightly more than 1 percent, a 40 percent decline over its 2008 position.

Facebook has more than 300 million users, which translates into a lot of  "poking.".

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