MySpace Rise, Fall, And New Start Infographic By StartupBros.Com
The rise, fall, and pending return of the once-giant social site laid out in graphic
The website had been purchased by Rupert Murdoch's New Corporation, and subsequently had its value steadily decline ever since. The company was originally launched in 2003, and was headquartered in Beverly Hills, California. It was then acquired by News Corporation in July 2005 for $580 million.
From July of 2005 until the start of 2008, MySpace enjoyed being the most visited social network site, according to the infographic. The company surpassed Google as the most visited site in 2006. The site received nearly 80 million unique views each month in its 2008 peak.
According to the infographic, Facebook began gaining ground on MySpace.com, until finally in May of 2009 MySpace was overtaken by Facebook, based on its world-wide visitors.
MySpace had employed nearly 1,600 workers in the company, and since being overtaken has gone through several structure changes and rounds of layoffs. Regardless of efforts, the site was failing to regain ground on other social media sites and MySpace reached its lowest point in 2010. Nearly half of their monthly visits were lost within a fiscal year.
Regardless of the difficulties seen, a new music player started to return some buzz to the MySpace site. The CEO, Chris Vanderhook noted that the company went from zero sign-ups per day to 40,000 after introducing the music player. In 2011, the company was breathed new life by Specific Media Group and Justin Timberlake, who jointly purchased the company for $35 million.
The site still is in the transition phase, but appears to be moving toward a music-geared function, rather than attempting a head-to-head competitive track with the likes of Facebook and Twitter.
Startup Bros provides companies information and tips on how to make your startup business a success. Having the ideas is just the first step, and StartupBros.com can help you see the big picture regarding your strategy. See their newly released infographic here - http://www.startupbros.com/myspace-the-rise-fall-and-rise-again-infographic/.
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