Myspace

Myspace (stylized as myspace or MySpace) is an American social networking service. From 2005 to 2008, it was the largest social networking site in the world.[3]

Myspace LLC
2017 screenshot of the Myspace website
Type of businessSubsidiary
Type of site
Social media
Available in14 languages
FoundedAugust 1, 2003; 18 years ago (2003-08-01)
Area servedWorldwide
OwnerViant Technology
Founder(s)
Key people
Revenue $109 million (2011 est.)[1]
Employees150[2]
URLmyspace.com
RegistrationRequired
LaunchedAugust 1, 2003; 18 years ago (2003-08-01)
Current statusActive

Myspace was acquired by News Corporation in July 2005 for $580 million,[4] and in June 2006 surpassed Yahoo! and Google to become the most visited website in the United States.[5][6] The network generated $800 million in revenue during the 2008 fiscal year.[7] At its peak in April 2008, Myspace and Facebook reached 115 million unique users, and Myspace narrowly lost to the newly emerging Facebook in terms of global users.[8] In May 2009, Facebook surpassed Myspace in the number of unique U.S. visitors.[9] Since then, the number of Myspace users has declined steadily despite several redesigns.[10] By 2019, the number of monthly visitors had dropped to 7 million.[8]

Myspace had a significant influence on technology, pop culture and music.[11] It was the first social network to reach a global audience. It played a critical role in the early growth of companies like YouTube,[12] and created a developer platform that launched the successes of Zynga, RockYou, and Photobucket, among others.[13]

In June 2009, Myspace employed approximately 1,600 employees.[14][15] In June 2011, Specific Media Group and Justin Timberlake jointly purchased the company for approximately $35 million.[16] On February 11, 2016, it was announced that Myspace and its parent company had been purchased by Time Inc.[17][18] for $87 million. Time Inc. was in turn purchased by the Meredith Corporation on January 31, 2018.[19]