Facebook, Twitter, MySpace, and other social networks are now taking up close to 23% of the time that we spend on the Internet. A report from Neilson came out today suggesting that we spend more than double of our time social networking than both online gaming and email combined.

It’s clear that social networking has become a huge mode of communication, with both e-mail and instant messaging losing market share. In fact, the use of email has decreased decreased from 11.5% to 8.3%.

The time people spend on search engines has been stable throughout the past year, gaining only a fraction of a percent in the time we spend online.

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How do you spend your time online?