The dominance of Myspace in the early days of the social networking boom was astounding. People shifted from Friendster to this site in droves. Mypsace started the revolution that eventually became what social networking is now.
According to the company, they have started to bounce back last month as they were able to generate about a million new users over that span.
Tim Vanderhook, CEO of Myspace said, “The numbers tell an amazing story of strong momentum and dramatic change for Myspace. And the 1 million-plus new user accounts we’ve seen in the last 30 days validates our approach.”
Myspace was sold last June for only $35 million dollars and was bought by a team of investors, among which is pop star/actor Justin Timberlake. It was first bought by Rupert Murdoch News Corp in 2005 for a staggering amount of $580 million.
The sudden influx of new members we’re highly accredited to the site’s new music player. Being able to have access to about 42 million songs, this offering is touted to be the Web’s biggest collection of free music.
Spotify on the other hand claims to have 15 million songs.
Vanderhook added, “Myspace is building meaningful social entertainment experience around content, where consumers can share and discover the music they love. Consumers are getting excited about Myspace again –a testament to a great music product.”
Image source: edition.cnn.com
