Social Networking up 83% in U.S.

The growth of social networking sites over the last 365 days is astounding. The exponential growth curve trumps any other type of type of media hands down. Here’s the top ten sites and their growth from April 2008 to April 2009:

The combination of Facebook and Twitter is pulling users away from MySpace and other smaller sites.

Who will be next? Based on what’s happened to sites like Friendster in the past, my bet is that it’s just a matter of time before a new social networking site grabs market share from today’s leaders.

What’s this all mean? Businesses can no longer ignore the use of social networking as a viable marketing tool.