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Facebook closing market share gap with MySpace

MySpace's share of the US online social networking market slipped while rival Facebook's piece grew in the year leading up to September, industry tracker Hitwise reported Thursday.
MySpace got 67.5 percent of the visits to social networking websites in August of this year as compared to 75 percent in the same month last year, according to Hitwise.

Meanwhile, Facebook reportedly got 20.5 percent of US social networking visits in August, a 50 percent increase from what it saw a year earlier.

Third place MyYearBook.com showed the strongest growth in visits during the period, with its share of the market more than doubling to just under two percent of the total, according to Hitwise.

© 2008 AFP
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