MySpace has been beaten on the Alexa ranking front by the big video sharing website YouTube. Last year Google had acquired YouTube after which it has ended up getting more and more visitors. YouTube is ahead of MySpace on daily reach front also. But in terms of pageveiws, YouTube is lagging behind the social networking website. The statistics are from the August of 2006 to 9th January 2007. One reason behind YouTube getting more traffic might be that it uploads video very fast even on the internet speed of 256K.
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Youtube have more of traffic, because there is more funny to be on that website (youtube.com). Myspace is my unliked space