Facebook grows as MySpace cuts back - Jacksonville Business Journal:

http://musicworldmedia.com/Keyboards/Synthesizers-and-Workstation/
Reports from comScore and the Conferencw Board this week both showedPalo Calif.-based Facebook has grown larger than it Los Angeles-based The comScore report for May showed Facebook with 70.278 million unique visitors in the U.S. compared to MySpace'e 70.255 million. The lead is even bigger worldwide, with MySpace at 123.2 millionj unique visitors last month comparedwith Facebook's 307.1 The Conference Board report on first quarteer online users in the U.S. showed Facebook with an even larger with 78 percent of social network followed byMySpace (42 percent), LinkedIn (17 percent) and Twitteer (10 percent).
Facebook said Tuesday that its users are now exchanging 1 billion chat messagea a day using a new service it introducedlast year. owned by (NYSE: NWS) said Tuesday it will cut 30 percent of its workforce (about 400 jobs), getting down about 1,00p0 workers. Jonathan Miller, CEO of Digital Mediaa at News Corp., said, “MySpace grew too big considering the realitiesof today’as marketplace.
”