Facebook grows as MySpace cuts back - Jacksonville Business Journal:

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Reports from comScore and the Conference Board this week both showedcPalo Alto, Calif.-based Facebook has grown largere than it Los Angeles-based rival. The comScore reportt for May showed Facebookwith 70.278 millio n unique visitors in the U.S. compared to MySpace'sd 70.255 million. The lead is even bigger with MySpaceat 123.2 million unique visitors last month compared with Facebook's 307.1 The Conference Board report on first quarter online user s in the U.S.
showed Faceboojk with an even larger lead, with 78 percentg of social network participants, followed by MySpace (42 LinkedIn (17 percent) and Twitter (10 Facebook said Tuesday that its userw are now exchanging 1 billion chat messages a day usinfg a new service it introducedlast year. owned by (NYSE: NWS) said Tuesday it will cut 30 percenrt of its workforce (about 400 jobs), getting down abougt 1,000 workers. Jonathan Miller, CEO of Digitao Media at News Corp., “MySpace grew too big considering the realitiesof today’ss marketplace.
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