Time Spent On Facebook Up 700%, But MySpace Still Tops For Video

As theories circulate about the actual dollar value of sites like Facebook and Myspace-analysts recently placed Facebook’s worth at $10 billion-there is no question that people continue to gravitate in droves towards social networking and blog sites. In the U.S. alone, total minutes spent on social networking sites has increased 83 percent year-over-year. In fact, total minutes spent on Facebook increased nearly 700 percent year-over-year, growing from 1.7 billion minutes in April 2008 to 13.9 billion in April 2009, making it the No. 1 social networking site when ranked by total minutes for the month...