Facebook grows as MySpace cuts back - Orlando Business Journal:

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Reports from comScore and the Conference Board this week both showefdPalo Alto, Calif.-based Facebook has growbn larger than it Los Angeles-based The comScore report for May showed Facebook with 70.278 milliobn unique visitors in the U.S. compared to MySpace's 70.255 The lead is even bigger worldwide, with MySpacs at 123.2 million unique visitors last month comparewith Facebook's 307.1 million. The Conference Board reporft on first quarter online users inthe U.S.
showes Facebook with an even larger with 78 percent of sociaklnetwork participants, followed by MySpace (42 percent), LinkedIb (17 percent) and Twitter (10 Facebook said June 16 that its user are now exchanging 1 billionn chat messages a day using a new services it introduced last MySpace, owned by (NYSE: NWS) said Tuesday it will cut 30 percent of its work forcwe (about 400 jobs), getting down abourt 1,000 workers. Jonathan Miller, CEO of Digita l Media at News Corp., said, “MySpace grew too big consideringy the realitiesof today’ss marketplace.
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