It's official: Social networking is now bigger than - anything, actually. Reuters reports that Myspace surpassed Yahoo in visits last week. From the article:

"News Corp.'s MySpace accounted for 4.46 percent of all U.S. Internet visits for the week ending July 8, pushing it past Yahoo Mail for the first time and outpacing the home pages for Yahoo, Google and Microsoft's MSN Hotmail."

Those stats are all based on Hitwise research, and are in this case US-only. Would be interesting to see how Baidu and Co. stack up to this.

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