socialmedian: Facebook Is Not Only The World’s Largest Social Network, It Is Also The Fastest Growing

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Facebook Is Not Only The World’s Largest Social Network, It Is Also The Fastest Growing

Source: TechCrunch

Aug 12, 2008

Summary

Call it the Facebook World Tour. Even though Facebook is now the largest social network in the world,—with 132 million unique visitors in June—it is also still the fastest growing.

(At least among the major social networks). According to figures compiled by comScore, Facebook’s visitor growth is up 153 percent on an annual basis. This compares to anemic 3 percent growth for MySpace. Other social networks showing strong global growth include Hi5 (100 percent) and Friendster (50 percent), despite each of those being less than half the size of Facebook. Orkut and Bebo fall in at 41 percent and 32 percent growth, respectively.

If you break down Facebook’s growth into regions, its presence in North America is still growing at a healthy 38 percent rate (with 49 million visitors a month). Europe (with 35 million visitors a month) is growing nearly ten times as fast. And growth in rest of the world is on an even faster tear, from a smaller base.