Google UK CEO Matt Brittin has claimed that there is still room for another social networking platform to challenge Facebook's dominance.
In an interview with The Daily Telegraph, Brittin said that even though Facebook was an "absolute phenomenon", the global social media market is big enough to accommodate another network.
The CEO refused to comment on rumours of a social networking platform being developed by Google, but neither did he deny them suggesting that there may be truth behind reports of a Google Me platform being developed.
The rumours were first started on Twitter by Digg founder Kevin Rose. Rose tweeted: "Ok, umm, huge rumour: Google to launch facebook competitor very soon "Google Me", very credible source."
In the Telegraph interview, Brittin said: “Facebook is an absolute phenomenon but there are other social networks which are successful too. We've got Orkut, which is fantastically successful in India and Brazil. And Bebo is successful in other countries.”