New Hitwise Stats: Facebook Dominating While Twitter Falls

If there were any signs to suggest that Facebook is building a monopoly over U.S. social networking, the latest statistics published by Hitwise surely paint a grim picture for Facebook’s competitors. Facebook increased its U.S. market share from 55.15 percent in August to 58.59 percent in September. Where did the majority of that share come from? Myspace, not surprisingly.

It’s also becoming clear that Facebook is expanding it’s demographic base to those that are over 55, up 108 percent in the past year.