MySpace has lost over 10 million users between January 2011 to February 2011. Before January, Myspace accounted for well over 73 million users. MySpace has really fell off the boat this year with its user base dropping well below the estimated number in previous thoughts. Chief Executive Mike Jones stated that MySpace.com is no longer a social media site but is now an Entertainment site. Where will MySpace be by next year?
Much work is needed at the MySpace facility in order to boost users again. It seems as though there is a negative image with MySpace. For the first time user, why would they chose to join MySpace over Facebook when more users are using Facebook? There just doesn't seem a need for the MySpace site anymore than to build relationships with other musicians and artists.
You make a very valid point. Myspace has fell from being the most popular social media network to losing over 10 million users in one year. Its a know fact that Facebook, Twitter, LinkedIn, and blogs are the new wave of social media. MySpace will still get used for people trying to be the next big band or get their music out. I'm sure they will stay satisfied with that, as opposed to nothing.
ReplyDelete