Are book readers moving from MySpace to Facebook?

It seems the conventional wisdom these days is that MySpace is tanking, and Facebook is the place to be.

U.S. MySpace visitors under 18 dropped 30 percent over the past year, while Facebook’s nearly tripled.” It was inevitable that Facebook’s strategy of open enrollment would appeal to high school kids. After all, Facebook began as a college student-only site, and was something that high school students would have to wait for (to the extent that high school students were aware of Facebook at all).

I think it's inevitable that the growth of MySpace has slowed, while Facebook has gained steam since they opened membership to non-students.

However, there's a fascinating discussion underway about the "class divisions" being exposed on MySpace. The argument is that younger, less affluent, less educated people are staying with MySpace, while the upwardly mobile crowd is flocking to Facebook.

MySpace remains a valuable network for authors who understand how to use it. And I suspect that Facebook can provide a valuable platform too.

Here's more from Forbes Magazine.
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Steve Weber is author of Plug Your Book! Online Book Marketing for Authors