Dead Media Beat: the Ghost of Friendster

(((Twitter is hotter than a two-dollar pistol this season. You know how much
user-loyalty Twitter commands? Zilch.)))

(((I love those Google boys like two brothers, but if they ever get
Craigslisted in their adword-selling model, they're gonna vaporize faster
than dry ice in the Mojave.)))

Media Contacts:
Michelle McGiboney
(408) 941-2930
[email protected]

Time Spent on Facebook up 700 Percent, but MySpace.com Still Tops for Video,
According to Nielsen

NEW YORK, NY - June 02, 2009 - As theories circulate about the actual dollar
value of sites like Facebook and Myspace - (((in today's networked society, I would love to
see the "actual dollar value" of ANY COMMODITY OR PROPERTY WHATSOEVER,
real, unreal, intellectual or dumber than a lump of coal))) just last week analysts placed Facebook's worth at $10 billion - there is no question that people continue to gravitate 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 for the month. (((You know what came
before "social networking sites"? "Weblogs." It's the fate of this generation
that we destroy our tools before we can get any good at using them.)))

“We have seen some major growth in Facebook during the past year, and a subsequent
decline in MySpace. (((