Facebook Becomes Third Most Popular Video Site

Seriously? Facebook is now the third most popular video site behind YouTube and Hulu? You’d think it would be one of the big sports sites or news portals but it isn’t. Oddly enough, MySpace didn’t even make it onto the list.

According to Nielsen, the amount of time Web users spent viewing videos on social-networking sites increased 98 percent year over year. In October 2008, users watched 503.8 million minutes of video; they watched 999.4 million video minutes in October this year. That growth far outpaced growth in number of online video streams as a whole, which grew 26 percent year over year.

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