By Jennifer LeClaire , toptechnewsime spent social networking soared 83 percent in the last year, with Twitter growing fast but Facebook the number-one site. As Facebook grew, MySpace declined, and Twitter exploded. MySpace, however, led in time spent viewing video. It seems everyone is tweeting, from the military to churches, but popularity can be fleeting.
Twitter investors may be speculating about the value of social-networking sites, but no one is speculating about their popularity.
In the U.S. alone, the number of minutes people spend on social-networking sites has increased 83 percent year over year, according to Nielsen Online. In fact, total minutes spent on Facebook increased nearly 700 percent year over year, growing from 1.7 billion minutes in April 2008 to 13.9 billion in April 2009, making it the number-one social-networking site for the month.
"We have seen some major growth in Facebook during the past year, and a subsequent decline in MySpace. Twitter has come on the scene in an explosive way, perhaps changing the outlook for the entire space," said Jon Gibs, vice president of online media and agency insights for Nielsen.
MySpace Wins with Video. Read more...
