Facebook overtakes MySpace, Microsoft looming
September 26, 2007
Facebook has overtaken News Corp’s MySpace site as the highest-traffic UK social networking site with 6.5m unique users last month, according to data published by Nielsen//NetRatings. Since October 2006, Facebook has rocketed from 448,000 unique users in the UK to 6,506,000 during August 2007.
Meanwhile, it is being reported that Microsoft is poised to buy a 5 per cent stake, valuing the site at as much as $10 billion.