MySpace,one among the most popular Social Networking Sites,was once the only for the people to interact digitally over the internet but now facing the worst times.Tech analysts said figures revealed that MySpace lost more than 10 million unique users worldwide between January and February 2011.
There were almost 63 million users of MySpace in February 2011, down from more than 73 million in January 2011.Year on year the site has lost almost 50 million
users,which were close to 110 million back in February
2010.
The loss of users comes despite a series of changes to the site to make it more about music.It was the social network site that helped launch
the careers of artists like Arctic Monkeys, Kate Nash and Lily Allen.But so far this year MySpace has already announced plans to cut half its workforce.
Five years ago it was booming and for many was the first place to visit to talk to friends and listen to music.But the arrival of sites like Facebook has changed the face of social networking.
Rupert Murdoch's News Corp bought the
company for £330 million back in 2005.
If they were to sell today, they might get as little as £50 million for it(...well thats awfully pityfull).MySpace boss Mike Jones(...bechara) has been putting a
brave face on the falling numbers.He said the site is no longer a social network and
is instead an "entertainment destination".But with competition from YouTube, streaming
services and increased file-sharing it is facing tough times.
Things do not always remain the way they were,is what I believe and the same is happening to MySpace.Whether its beneficial or lossmaking 'Change' is the only constant creature from God Almighty.
|With Peace & Love,Ahsan|
There were almost 63 million users of MySpace in February 2011, down from more than 73 million in January 2011.Year on year the site has lost almost 50 million
users,which were close to 110 million back in February
2010.
the careers of artists like Arctic Monkeys, Kate Nash and Lily Allen.But so far this year MySpace has already announced plans to cut half its workforce.
Five years ago it was booming and for many was the first place to visit to talk to friends and listen to music.But the arrival of sites like Facebook has changed the face of social networking.
Rupert Murdoch's News Corp bought the
company for £330 million back in 2005.
If they were to sell today, they might get as little as £50 million for it(...well thats awfully pityfull).MySpace boss Mike Jones(...bechara) has been putting a
brave face on the falling numbers.He said the site is no longer a social network and
is instead an "entertainment destination".But with competition from YouTube, streaming
services and increased file-sharing it is facing tough times.
Things do not always remain the way they were,is what I believe and the same is happening to MySpace.Whether its beneficial or lossmaking 'Change' is the only constant creature from God Almighty.
|With Peace & Love,Ahsan|
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