Social networking is growing exponentially and according to a new article written by falkow, facebook catches up with myspace and we’ve provided a graph below to include twitter in the mix. Take a look for yourself at these stats.

Facebook vs. Myspace vs. Twitter
According to mashable, Facebook closed out 2008 by passing Myspace by very small margins, however according to techcrunch, back in April of ’08 Facebook had more members. Makes you wonder who’s accurate here.

Compete.com Graph for Facebook vs Myspace vs Twitter
The economy may be collapsing but social networking is on the rise. As more and more people stay at home, more and more people are obviously using social media to connect with friends. Notably, twitter is a reasonably new application that has enjoyed over 700% growth in the second half of 2008. Although it’s nowhere near Facebook and Myspace, it will get closer when people start figuring out how to use it.
I don’t have a myspace account, wait, I do have a myspace account but it’s so cluttered up and spammy that I don’t use it so when facebook came out, it was like a breath of fresh air. The video below signifies the difference in these two powerhouse social networks.
[youtube]http://www.youtube.com/watch?v=Ir7r8Zmf3Yk[/youtube]