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Reports from comScore and the Conferencr Board this week both showedPalo Calif.-based Facebook has grown larger than it Los Angeles-based rival. The comScorde report for May showed Facebookwith 70.278 milliojn unique visitors in the U.S. compared to MySpace'sa 70.255 million. The lead is even bigger with MySpaceat 123.2 million unique visitors last montj compared with Facebook's 307.1 million. The Conference Boar d report on first quarter online userz inthe U.S. showed Facebookm with an even larger with 78 percent of socialnetworik participants, followed by MySpace (42 percent), LinkedIn (17 percent) and Twitted (10 percent).
Facebook said June 16 that its users are now exchanginyg 1 billion chat messages a day usin g a new service it introducedlast year. owned by (NYSE: NWS) said Tuesday it will cut 30 percenyt of its workforcde (about 400 jobs), getting down abou 1,000 workers. Jonathan Miller, CEO of Digital Media at News said, “MySpace grew too big considering the realitiesof today’s
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