Daily Instagram users has surpassed daily Twitter users in the U.S., according to comScore's Mobile Metrix, which tracks app and web usage through a metered panel of users, Instagram usage has exploded since March. It really kinked higher in May, which is a month after it was launched on Androi... Read more...

Facebook accounts for 95% of social networking time on the web in the U.S. according to an analysis of comScore data provided to us by web publisher Ben Elowitz of Wetpaint. (We would think this holds for mobile, but it's possible Twitter has more of a hold there than on the desktop.) Elowit... Read more...
News Corp has hired tech and media investment bank Allen & Company to sell off MySpace, the WSJ reports. Allen & Co will now schedule meetings with interested buyers, of whom there are about twenty, including financial firms. We think Zynga should buy MySpace (see below) but... Read more...

Editor's Note: Pete Cashmore is founder and CEO of Mashable, a popular blog about social media. He writes a weekly column about social networking and technology for CNN.com. Do you remember Bebo? AOL bought the hot social networking Web site for $850 million in 2008. This week, the company... Read more...