Friday, June 13, 2008

Facebook No Longer The Second Largest Social Network

It was sort of inevitable given Facebook’s monster growth over the last few years, but April 2008 was the milestone: Facebook officially caught up to MySpace in terms of unique monthly worldwide visitors, according to data released by Comscore and shown above. Both services are attracting around 115 million people to their respective sites each month.

Most of Facebook’s user growth, however, has been in international markets - MySpace is still dominates Facebook in the U.S. market, with 72 million monthly uniques. Facebook has 36 million monthly uniques, up from 23 million a year ago.

Facebook added 75 million monthly uniques over the last twelve month, but just 13 million of those visitors are located in the U.S. MySpace added 5 million U.S. uniques during that period - at this rate it will take 4+ years for Facebook to catch up to MySpace in the U.S. market.

There’s a real question about how valuable all these international users are from an advertising standpoint. We’ll be publishing our thoughts on that next week.

Facebook image
Location:Palo Alto, California, United States
Founded: February 1, 2004
Funding: $496M

On February 4th, 2004 Mark Zuckerberg launched The Facebook, a social network that was at the time exclusively for Harvard students. It was a huge hit, in 2 weeks, half of the student body… Learn More

MySpace image
Location:Beverly Hills, California, United States
Founded: August 1, 2003
Acquired: July 1, 2005 by Fox Interactive Media for $580M in Cash

MySpace is a popular social networking site that lets friends share, message and stay connected. The site lets you browse profiles, blog, email and join groups. MySpace also has videos, music and classifieds. Music artists can add friends, stream… Learn More