Facebook is king but Twitter makes waves

Time spent on Facebook, Twitter grows by leaps and bounds since last year. MySpace minutes tumble but still dominant in video streams.

Users spend more time on Facebook than any other social network site. Much more. But other sites are growing quickly, and experts say no social network is safely on top of the market.

According to a report released Tuesday by Nielsen, Facebook users logged 13.9 billion minutes on the site in April. That compares to 5 billion minutes on MySpace, 300 million on Twitter, and 202.4 million minutes on LinkedIn.

Time spent on Facebook soared 699% since April 2008, compared to a 31% drop in time spent on MySpace, which is owned by media mogul Rupert Murchoch’s NewsCorp (NWS, Fortune 500). LinkedIn’s minutes grew 69%.

Changing of the guard: MySpace was once the dominant social network. In April 2008, 73% of the total time spent on social networks was spent on MySpace, according to Nielsen.

The scene has rapidly changed in the past year. Social network users spent just 23% of their time on MySpace in April 2009, compared to nearly 66% for Facebook.

“MySpace is not firing on all cylinders like Facebook,” said Ray Valdes, social networking expert at Gartner. “Their effort to improve the site seems to be fragmented. They need to get on track or they will continue to slide.”

Still, most users spend their time on…

continue reading from source by David Goldman


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