Back in March 2008, Facebook was poised to overtake MySpace, but it wasn't yet the most popular social network in the world. Now it's obliterating everybody. This chart from a report on SharesPost tells the story: Facebook's popularity is unmatched â€" it's on a completely different scale than its competitors.
And Facebook's advertising business is booming thanks to brands marketing their Facebook pages (and spamming their customers like they used to in the good old days via e-mail) and virtual game studios' steady acquisition of new users. There's also "Pay With Facebook", which gives Facebook a 30% cut of its insanely fast-growing virtual goods market AND could wind up us a one-click payment option across the Internet.
(Via Business Insider)
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