MySpace is …still online - actually gaining users.
At its peak in 2008, MySpace had 75.9 million unique visitors per month, having been bought by News Corporation in 2005. News Corp later sold it on to investors Tim and Chris Vanderhook for a mere $35 million, who aimed to give the site a new focus.
The new focus, Mr. Vanderhook said, was not to compete with Facebook as a social network, but to be the conduit for music and other forms of entertainment that can be shared through other networks.
The strategy looks to be working, with one million new users having signed up - the first increase in membership in years. After launching a new music player in December, “We went from zero signups per day to 40,000”, says Chris Vanderhook.
MySpace now claims a music of 42 million tracks, several times more than Spotify or Rhapsody.