Myspace to Make a Comeback?
Can MySpace make a comeback?
MySpace has been considered dead for a while now among the social media-savvy. But could MySpace make a comeback?
Five years ago, News Corp. acquired MySpace for $580 million…and then the losses came. Although MySpace Music is listed as the number one music site from comScore, it’s had a steady decrease in popularity since News Corp. has owned the site.
News Corp. chairman and CEO Rupert Murdoch said, “We’ve got to admit that during the last two or three years, I think we made some big mistakes. But we’ve got fine new management now; they’ve started to introducing new features. There’ll be a lot of changes coming through the summer. The early indications—and they’re only early indications—are we’re getting more visitors and they’re staying longer. When that gets more substantial, we’ll get more advertising.”
News Corp. has also called MySpace a “work in progress,” as it plays with its number one music platform ranking to try to get back on top of the social media scene, and plans to roll out a number of enhancements to the site in the next few sites.
What do you think? Can MySpace regain its status in the social media site scene?
Business Coaching | Stephanie Sims | May 12, 2010
advertising, business, Business Coaching, Facebook, Marketing, myspace, social media, Social media marketing
I don’t really think so.Over on Facebook you now have older people like myself who never had a MySpace as well as far younger people who migrated from MySpace to FB All of us are now so interconnected there how could enough people be tempted back?