Social Networking Numbers

GigaOM writes:

Some interesting figures from social networking company executives here at the Web 2.0 Summit1. Cyworld and MySpace are, more than ever, heads and shoulders above the competition.

SK Communications CEO Hyun-Oh Yoo reports Cyworld2 has 20 million subscribers in Korea, which is 40 percent of the total Korean population, as well as more than 3 million users in non-Korean countries. He claims 96 percent of 20- to 29-year-old Koreans use Cyworld regularly, which is kind of fuzzy, but it implies that all of them are members of the service, which is impressive on its own. The site has 22 million unique visitors per month, 20 billion page views per month, and $300,000 in daily sales of digital items.

A few minutes later Fox Interactive president Ross Levinsohn got on stage and bragged about a couple of MySpace3s numbers. The site had 320,000 new profiles created around the world yesterday.

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Rajesh Jain

An Entrepreneur based in Mumbai, India.