MySpace Needs a Friend (or Several Million), Visitors Cut in Half
Things aren't looking so hot for MySpace, the once dominant social networking site that has since taken a distant backseat to Facebook. According to comScore, MySpace's traffic declined 49 percent in the course of a year, dropping from 6.5 million visitors in May 2009 to a mere 3.3 million in May 2010.
Adding insult to injury, Facebook is in a celebratory mood after having recently reached 500 million registered users. That's 400 million more than MySpace claimed at its peak, and despite a recent revamp of the site, it doesn't appear as though MySpace is going to be able to turn things around.
Rupert Murdoch's News Corp. paid $580 million for MySpace back in 2005, and in the past six months alone has lost two chief executives.
