Myspace gains 1 million users…

Myspace seems like a faint memory, something from a past life. The once dominant social-networking site quickly fell from grace when Facebook (truly) took over the world. Now they are back and  have added 1 million new users over the past month, according to the company.

“The numbers tell an amazing story of strong momentum and dramatic change for Myspace,” said Tim Vanderhook, CEO of Myspace. “And the 1 million-plus new user accounts we’ve seen in the last 30 days validates our approach.”

A team of investors, including pop star/actor Justin Timberlake, bought out Myspace in June for the fire-sale price of $35 million. Rupert Murdoch’s News Corp. paid (many would say overpaid) $580 million for it in 2005.


What has mainly contributed to Myspace’s renewed success is that they have decided to stop competing with other social-networks and focus on their initial platform of posting and listening to music. According to Specific Media, the site’s new music player, with access to more than 42 million songs, is offering the Web’s biggest collection of free music. That’s 27 million more than Spotify. For More Info

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s