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- Myspace was once the world’s leading social media platform, but it failed due to rising competition, a poor and inconsistent product, heavy spending, and ongoing legal battles1. Membership sharply declined in the face of competition from Facebook, and in 2009 Myspace attempted to rebrand itself as primarily a music site23. News Corporation sold Myspace to Specific Media and singer Justin Timberlake for about $35 million in 20112. Millions of songs, photos, and videos that were uploaded to the site before 2015 were lost during a data migration, according to MySpace, with no chance of recovery4. Myspace remains online today, but its user base is significantly diminished53.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.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.productmint.com/what-happened-to-myspace/Membership sharply declined in the face of competition from the social networking site Facebook, and in 2009 Myspace attempted to rebrand itself as primarily a music site. In 2011 News Corporation sold Myspace to Specific Media (after 2015, Viant) and singer Justin Timberlake for about $35 million.www.britannica.com/topic/MyspaceThe platform attempted to rebrand as primarily a music-sharing site, but although most profiles are still accessible today, Myspace has all but been abandoned as an active social platform.startupsavant.com/what-happened-to-myspaceOn Sunday, news spread concerning a longtime data issue plaguing MySpace, a site that was once the internet’s leading social network. Millions of songs, photos, and videos that were uploaded to the site before 2015 were lost during a data migration, according to MySpace, with no chance of recovery.mashable.com/article/myspace-data-lossFormer Myspace employees, including ex-CEO Chris DeWolfe, have blamed news corporation’s focus on near-term monetization over the user experience as one of the principal reasons for the site’s decline. Myspace remains online today, but its user base is significantly diminished. By 2019, Myspace’s monthly visitors had dropped to seven million.greekreporter.com/2023/08/07/myspace-fall/
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Myspace - Wikipedia
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. See more
Myspace (formerly stylized as MySpace; also myspace and sometimes my␣, with an elongated open box symbol) is a social networking service based … See more
Foreign versions
Since early 2006, Myspace has offered the option to access the service in different regional versions. The alternative regional versions present … See more2003–2005: Beginnings and rise
In August 2003, several eUniverse employees with Friendster accounts saw potential in its social networking features. The group decided to mimic the more popular features of the website. Within 10 days, the first … See more• Angwin, Julia. 2009. Stealing MySpace: The Battle to Control the Most Popular Website in America, New York: Random House. See more
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