According to reports published by Mad.co.uk, 2008, Facebook now has a 7.2 million lead on myspace. This year Facebook also extended it's services to France, Spain and Germany. Amidst these new developments Myspace is setting it's sights on greater things, with a new home page design and greater synergy with major Record Labels. Myspace currently has aprox 110million global users and is optimistic that it's new initiatives, set to unravel over the next few months, will close in on Facebooks leading margin.

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