Daily Archives: June 24, 2011

The Rise and Inglorious Fall of Myspace – BusinessWeek

Image representing MySpace as depicted in Crun...

Image via CrunchBase

At its December 2008 peak, Myspace attracted 75.9 million monthly unique visitors in the U.S., according to ComScore. By May of this year that number had dropped to 34.8 million. Over the past two years, Myspace has lost, on average, more than a million U.S. users a month. Because Myspace makes nearly all its money from advertising, the exodus has a direct correlation to its revenue. In 2009 the site brought in $470 million in advertising dollars, according to EMarketer. In 2011, it’s projected to generate $184 million.

via The Rise and Inglorious Fall of Myspace – BusinessWeek.

Strange Random Internet Quote:

Size and synergies between the different segments of the company matter. As far as we are concerned, the Internet is broadening our opportunity, as well as for other big media companies with huge resources in sports, entertainment and news. There’s just more opportunity. – Rupert Murdoch

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