The Wired Magazine has an interesting article about Google vs Facebook in this month's issue. While Google reigns on top, Facebook's growth is staggering. When I checked on Alexa, Facebook had a higher average time that users spent on the site. Also, crucial to this is the fact that almost everything on Facebook is shielded away from Google, whose aim is to organize and categorize everything on the web. The article does a good job of pointing out that Facebook could be a threat to Google if it's user base keeps on growing at the current rate, and it finds a good business model.
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I find the article nonsensical. There is no way facebook can oust google anyway in the foreseeable future.
Google probably received similar reactions earlier :D