This morning saw the launch of the Diffusion Facebook & Politics research report, with the results of one of the most comprehensive assesments of how the Conservatives, Labour Party and Liberal Democrats are using the platform. We examined the profiles of over 169 MPs on Facebook, 564 prospective parliamentary candidates and the official Facebook presence of the three main political parties.

Why did we go to all that effort you may ask? Well, one of the most powerful criticisms of the social media industry is its propensity to jump on the latest bandwagon, often aided and abetted by a media eager to write about the next big thing. Recent coverage on the use of social media in the forthcoming general election has been an interesting case in point.

From the acres of press coverage devoted to it over the last 12-months, it would be easy to assume that Twitter is the only show in town. While few would argue that Twitter has provided a vibrant new platform for political discourse, we believe its significance is being over-stated.

It’s worth taking a moment to step back from the hype and look at the cold hard facts. Facebook remains the big beast of the social media world, with four in ten people in the UK (24m) active users of the platform. 18 million of those are estimated to be aged 18 and over.  Analysis from Hitwise for February 2010 shows that Facebook now accounts for over half (51%) of all visits to social networking sites. This compares to just 2% of all such visits to Twitter.

Social media and social networking sites specifically, have the potential to play a key role in the online campaigns of all political parties in the forthcoming general election. However, scale, reach, functionality and engagement will be critical success factors. This is why we believe that Facebook, not Twitter is likely to be the most significant platform employed to energise and organise party activists on the ground and influence undecided voters.

Some of the key findings from our research have been reported today in the Guardian and Metro, causing quite a stir in political circles. Our headline findings show that the Conservatives are, to date, clearly winning the Facebook election battle.  We will be releasing more detailed findings from the report over the next few days, so watch this space!