theSITUATION: MySpace.com rules the web

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MySpace.com just took the title as the most trafficked site on the web beating out both Google and Yahoo. If only their profit margin could boast the same. "The fact that MySpace was virtually unknown by the mainstream Internet users two years ago and now claims the top position demonstrates how hyper-competitive the Internet really is," say's Bill Tancer, general manager of Global Research at Hitwise who conducted the survey.

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