In my personal opinion, they’re a not competing against Twitter but rather assimilate Twitter into theirs.  With more than 400 million available in Facebook as compared to 25 million in Twitter. Already 1/3 of Twitter user link Twitter into their Facebook.

Despite more new service is introduced by Twitter e.g. Twitter stories ( although other quarters think Twitter stole the ideas from Facebook), but I would consider such service is a little bit too late.

Unless Twitter can come with a new fresh ideas to make their user more engage and hook to their services than some other service may take the lead (i.e. Tumblr, FriendFeed even Microsoft thorough their OfficeTalk).

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