A long, long time ago in 2004, two social network sites began; Facebook and MySpace. Who would have foreseen the dramatic impact both of these networking portals would have on our lives in a short span of five years.
Since their foundation in 2004, each of these social networks has experienced dramatic changes, not only in the way they function, but also in the amount of user interaction. For several years, MySpace rode on top of the social media phenomenon; until recently. In May of2009, Comscore reported that Facebook has exceeded the amount of MySpace users in the United States. With a shrinking number of users and more advertising dollars being allocated to Facebook, MySpace has been forced to layoff 30% of employees, as well as reduce its payroll to only 1,000 people. With over 60 million Facebook users in the United States alone, Facebook has made it possible for teens, adults and seniors to connect in a simple, easy to navigate arena. Capturing the baby boomer users, Facebook has been able to exceed the amount of MySpace users.
So the question is what’s next for Facebook? With Twitter gaining momentum and nipping at Facebook’s heels, only time will tell. Although, both platforms are very different in some aspects, both offer users the opportunity to connect with other users and share information. Could Twitter be the Facebook killer? Without adapting to current trends and listening to user feedback, Facebook could experience what MySpace is struggling with right now.