Friday, March 25, 2011

MySpace Loses Millions Of Users

Latest census data indicate attempts to flog new life in to MySpace might be failing.

Tech attention analysts comScore say total uncover MySpace mislaid more than 10 million unique users worldwide between January and February.

There were roughly 63 million users of MySpace in February 2011, down from more than 73 million.

Year on year the site has mislaid roughly 50 million users, down from shut to 110 million in February 2010.

The loss of users comes notwithstanding a array of changes to the site to make it more about music.

It was the amicable network site that helped launch the careers of artists similar to Arctic Monkeys, Kate Nash and Lily Allen.

But so far this year MySpace has already voiced skeleton to cut half its workforce.

Around 500 staff are going worldwide.

Five years ago it was sepulchral and for many was the initial place to revisit to speak to friends and attend to music.

But the attainment of sites likes Facebook has altered the face of amicable networking.

In the UK, 2.3 million people used the site in February 2011.

Rupert Murdoch's News Corp paid for the firm for 330 million back in 2005.

If they were to sell today, they might obtain as small as 50 million for it.

MySpace team leader Mike Jones has been putting a daring face on the descending numbers.

He mentioned the site is no longer a amicable network and is instead an "entertainment destination".

But with contest from YouTube, streaming services and increased file-sharing it faces difficult times.

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