In light of Facebook recently announcing that that they are now cash flow positive, we felt it was important to look at how the “Big Four” of social networks are stacking up these days. In Internet Retailer’s August publication* profiles for Facebook, MySpace, YouTube, and Twitter were compared on the basis of everything from unique monthly visitors to time spent by visitors on the social networks, to how many of the Internet Retailer Top 500 companies were using them. The results were a bit surprising!

Appeal
In terms of unique monthly visitors, YouTube and Facebook swept MySpace and Twitter. The great appeal that YouTube and Facebook command is likely as a result of the mass appeal strategy that they have both mastered.
YouTube started mainly as an amateur home video and performance video platform. Since then though, YouTube has allowed businesses into the party too, letting them post their branded video content, training videos, commercials, and more.
Similarly, Facebook started off with a base of just college students. Eventually they expanded to allow high school students as well, and now people of all ages can join the site. They then went a step further, inviting businesses to create a profile, build a fan page, and use all of the applications and features offered.
MySpace never really embraced all users. They didn’t ban businesses from joining, but they didn’t make it easy for businesses to set themselves apart from teens looking for friends and bands trying to gain exposure. The result was a poor user experience for business owners and very little perceived return.
Twitter is letting businesses do their thing, but it has only been around for a mere two years compared to Facebook’s five years and YouTube’s four years, so we don’t really know what it can do yet. There have been rumors that Twitter may be rolling out “premium accounts” for businesses looking for a more business-specific experience on the social media platform. We shall see! (more…)