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

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According to the new report, Faceboo k users logged 13.9 billion minutes on the site in making it the most popular socialp networking site onthe Web. was the secon d most popular social networking site with about 5 billion minutes spent loggedin April. Twittee logged roughly 300 million minutes, and LinkedIn aboutg 202 million. According to the Nielsen study, totak minutes spent on social networkingf sites has increased 83percen year-over-year. Twitter had far-and-away the fastes t growth over the pastyear -- with about 37-times more minutexs spent on the site in Aprill 2009, compared to April of last Facebook also posted rapid growth, with a seven-folf increase over last year.
“We have seen some major growtyh in Facebook during the past and a subsequent declinein MySpace. Twitter has come on the scener in an explosive way perhaps changing the outlook for the entire saidJon Gibs, Nielsen vice online media and agency insights. “The one thintg that is clear about sociapl networking is that regardlese of how fast a site is growingb or how bigit is, it can quickly fall out of favo r with consumers.” While Facebook has become the top dog in the socia l networking space, MySpace is the leader in onlinre video. With 121 million video MySpace.com was the No. 1 social networking destination when ranked by streamz and total minutes spentviewing video.
MySpaces visitors spent 384 million minutes viewing video onthe site, with an averags of 38.8 minutes per viewer. In comparison, Facebooko visitors spent only 114 million minutes viewingb videoin April, with an averagee of 11.2 minutes per video viewer. The Nielsen Co. is a globakl information and media company specializing in consumer television and othermedia