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Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 23 July 2010 08:39

Myspace loses half of its friends

Written by Nick Farell


Not a good day for Murdoch
Social Notworking site MySpace has lost half of its members which is a good indication that everything is doomed.

The new figures reveal that MySpace’s audience numbers dropped by 49 per cent over the last year, falling from 6.5 million visitors in May 2009, to just 3.3 million in May 2010. Meanwhile the site’s major rival, Facebook, announced that it hit 500 million registered users this week.

MySpace, founded in 2003, at its peak had more than 100 million registered members, but its audience has been declining since the rise of Facebook in 2008. MySpace’s decline is in spite of a revamp of the site’s functionality and a highly publicised move to supplying music and entertainment. The site launched MySpace Music in May 2010, a new streaming and subscription service, which has faced stiff competition from the likes of Spotify and We7.

Rupert Murdoch’s News Corp bought the site for $580 million in 2005, has also lost two chiefs executives in the last six months. It is not clear if it is losing much dosh though.

Nick Farell

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-4 #1 hawknz 2010-07-23 09:15
Well.. I know why ... they suck... I have once forgotten my password and tried reseting it... but guess what!!! they never replied ... I tried emailing them to get my password but result ... so ... bye bye MySpace and hello Facebook :-)
 
 
-3 #2 hawknz 2010-07-23 09:15
Quoting hawknz:
Well.. I know why ... they suck... I have once forgotten my password and tried reseting it... but guess what!!! they never replied ... I tried emailing them to get my password but ***result ... so ... bye bye MySpace and hello Facebook :-)

oops *** No result at the end
 
 
+11 #3 Abdussamad 2010-07-23 12:21
Today Myspace goes under and tomorrow Facebook. That is what happens when you base your business on a passing trend. Internet users are so fickle.
 
 
+1 #4 Haberlandt 2010-07-23 19:30
Quoting Abdussamad:
Today Myspace goes under and tomorrow Facebook. That is what happens when you base your business on a passing trend. Internet users are so fickle.
Indeed. The same will happen to Facebook.
 
 
+4 #5 Zaozo 2010-07-24 09:06
Hm... I don't know that I would go as far to say that Facebook will go away that easily. Myspace made some very stupid decisions with their service, and had real competition. Right now, MySpace still sucks because they haven't fixed the woes that they had. Right now there is no real competition for Facebook.

Personally I don't see social networking going away too soon. For many people Facebook has replaced e-mail or even making phone calls and even texting. But, what I will say is, with some stupid mistakes, Facebook could suffer the same fate as MySpace.

I don't see a trend overtaking social networking soon, so we'll see. Maybe Google Me will be the one to beat down Facebook?
 
 
0 #6 SiliconDoc 2010-07-25 07:02
Ebay was a good auction site way back in the 90's, the interface was so much better than others, and it eventually ate almost everything else there was up.
Same thing happening here apparently.
 
 
0 #7 Fud_u 2010-07-25 09:26
I think it's a good time for them to auction off the name before it hit rock bottom. I keep hearing Twitter this and twitter that everywhere I go also Facebook this and Facebook that. Myspace is getting overrun by a giants. I knew that and I don't use any of those. It's kind of obvious really. There is going to be something else that will overthrow all of these in the future.
 

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