Facebook grows as MySpace cuts back

New data this week shows Facebook Inc. has grown into the biggest online social networking site in the U.S. as the dethroned No. 1, MySpace, revealed Tuesday it is downsizing its work force.

Reports from comScore and the Conference Board this week both showed Palo Alto, Calif.-based Facebook has grown larger than it Los Angeles-based rival.

The comScore report for May showed Facebook with 70.278 million unique visitors in the U.S. compared to MySpace's 70.255 million. The lead is even bigger worldwide, with MySpace at 123.2 million unique visitors last month compared with Facebook's 307.1 million.

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- Posted: 2009-06-17 14:34:48

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