In 2007, MySpace reached critical mass with just 3 million members and the thought began to creep into everyone’s mind that the giant may soon be toppled. After a combination of technical & security fowl-ups and a surge in spam, the giant, indeed fell.
Facebook, fueled by early adopters saw an influx of new users who jumped from the sinking MySpace ship, quickly grew and eventually monetized.
Today, TechCrunch announced that Facebook is approaching 500 million users (100 million more than just 5 months ago).
As even more users flock to Facebook, and the social media site begins to be just as noisy an informer as Twitter, we must ask ourselves: “Has Facebook Jumped the Shark?” If so, what might this mean for social media in general?