Twitter is huge.
Facebook is enormous. MySpace is still a serious
powerhouse. The bottom line? Social networks are a force to be reckoned
with, and Americans are spending lots and lots of time on them. In a
new study released this week,
Nielsen reveled that United States citizens are
spending more time than over on these sites. In fact, it found that the
number of minutes that Americans spent on these sites doubled
(doubled!) in the past year.
Crazier still, Nielsen Online discovered that "the number of minutes
Americans spent on social networks such as Facebook, MySpace, Blogger,
Tagged, Twitter and LinkedIn grew 83 percent from April 2008 to April
of this year." Year-over-year, Facebook has been a 700% growth rate in
terms of minutes used on the site, from 1.7 billion in April of last
year to 13.9 billion in April of this year. Still, many of the sites
are struggling with ways to monetize the popularity, and many analysts
have pointed out that they better figure it out quick if they really
hope to take advantage. If you'll recall, MySpace was seen as
unbeatable just a year or two back, and now it's hardly the first
social network that pops to mind when bringing up the subject in
conversation.

In fact, one analyst made clear that social network users are
"notoriously fickle," proving time and time again that they have no
issue picking up their profile from one dying site and moving on to the
next hot thing. Usually, this isn't the case, but the ease of
transition makes social network shifting a different beast entirely.
The only question left is this: how much bigger can social networks
get, and which one is set to become "the next big thing?"