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From 2005 to 2009, Myspace was the largest social networking site in the world. [5] [6] In July 2005, Myspace was acquired by News Corporation for $580 million [7] and, in June 2006, it surpassed Yahoo! and Google to become the most visited website in the United States. [8] [9] It generated $800 million in revenue during the 2008 fiscal year. [10]
Aug 23, 2022 · Emily Brozyna. August 22, 2022 · 4 min read. If you spent time on the internet in the early-to-mid-2000s, you've probably asked yourself at least once, what ever happened to Myspace? The site was...
- 2 min
- Emily Brozyna
Myspace failed because of rising competition, a poor and inconsistent product, heavy spending, as well as ongoing legal battles. Launched in January 2004, the site became the world’s leading social media platform. It was acquired for $580 million by News Corp in 2005 but eventually flamed out.
Mar 1, 2022 · Myspace is still active today and draws millions of visitors per month, although that's nowhere near where it was during its heyday. The site looks and operates quite differently from how it did at its peak, and places a greater emphasis on music and entertainment-related content.
- Matt Reigle
May 19, 2024 · In 2011 Myspace was sold to Justin Timberlake and Specific Media Group for $35 million, showing just how much the site devalued since News Corp. purchased it six years earlier. What Myspace looks...
Aug 24, 2022 · Myspace peaked around 2008—but then, it died. So, what happened? Well, a lot of factors pushed Myspace off the front page of the internet: rising competition, a buggy website, an annoying user experience, heavy spending and legal battles. Keep reading (and check out the episode below) for more.
Jan 21, 2022 · The Current State of Myspace. Officially, however, Myspace is far from dead. If you go to myspace.com, you’ll see that it is very much still alive, though it has mostly transitioned away from social networking to become a curated music and entertainment site. As of 2019, the site boasted over 7 million monthly visits .
