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Analysis: Facebook Needs to Face Facts - Free Music Is Not Enough

Authored by Jay Baage on July 28, 2006 - 8:31am.
Facebook MySpace keeps on winning market share from other social networks. In June, it captured 80% of social networking traffic, up from 76% in April, according to Hitwise. This is of course due to the networking effect – you want to be on a network where all your friends are. So, what do you do if you are the second largest social network, Facebook, far behind with with only 7.6% marketshare and a little over 8 million users?
tags: Internet | Marketing | Music | Metrics | MySpace | Promotions | Facebook | Social Network | Analysis |