Nielsen Online has released new data showing minutes spent on social networks for the month of April 2009. Compared to April 2008, most of the top 10 social networks are seeing skyrocketing growth while MySpace sees a decline.
The news is not all bad for MySpace. Video is its silver lining. MySpace topped the list of networks for most minutes streaming video (384 million) and average minutes per viewer (38.8). While MySpace is already a YouTube competitor, perhaps it should reposition itself as more aligned with video? (Share your thoughts on that below in the comments).
Of course, Facebook topped the list of overall minutes. A site to watch is Tagged.com, which is seeing more engagement that Twitter, which gets a ton of buzz. And Google's Blogger enjoyed a steady 30% annual growth.
Here's the chart comparing total engagement from April 2008 to April 2009: