Hitwise has just released some stats showing that social network Bebo is catching up with MySpace in the UK.

MySpace is currently number one with a 13 percent share of the UK market compared to Bebo's 12 percent. In the US, MySpace has 45 percent market share and nearest competitor FaceBook accounts for only 5 percent.

Hitwise is predicting "Bebo will overtake MySpace in share of UK visits before the start of the new school year."

According to the post, "the gap in the share of visits between the two sites is closing rapidly - only 7 percent last week. Bebo has also overtaken MySpace on share of UK page views, average session duration and in the share of UK searches for the brand ("myspace" compared to "bebo")".

More here.