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 Thursday, April 23, 2009

Chris De Wolfe, MySpace co-founder is reported by the Telegraph to be stepping down as chief executive.

In 2008, Facebook was reported to be the number one social networking site, relegating MySpace, (with 130 million users globally), to second place.

As well as tough competition from Facebook, a more recent social networking site, Twitter, appears to be holding its own against MySpace.

(Source:Telegraph)

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Telegraph website