I just saw a new eMarketer report showing that latest research will give Facebook over 1.3 Billion in the 2010
financial year for revenue. It is quite good becuase for the 2009 period the company made around 665 million in revenues. So they have doubled their revenue for YOY, Myspace on the other hand which was once a social media
superstar making serious cash form Google ad deals and CPC/CPC/ Display ad deals has taken a dive from over
400 million in ad revenue for 2009 to around 350 million in 2010 it is quite alarming that the company which once
boasted hundred of millions of users now is on the slide. But it is evident from these earnings that Facebook is the
overwhelming leader in this space.