Earlier today, I received a link to the new Facebook layout. Yes, the world's #5 most visited website is receiving another face lift. Apparently, the site is making a return to the basics, with a new simple layout that is visually reminiscent of its origins.
It will be interesting to see the public's response to the updated look. Will people spend more time on the site? Will this encourage new growth?
Will advertisers be encouraged to spend more? Although Facebook recently passed Myspace for total amount of internet traffic, the site's reported revenues are still lower. According to Alexa.com, Myspace.com's estimated revenue is between $250-500 million, while Facebook's is between $10-50 million. The flip side is Facebook is continually growing, while Myspace's traffic has remained stagnant. Will the revenue tables also turn? Time will only tell.