On February 11, 2016, it was announced that Myspace and its parent company had been bought by Time Inc. Time Inc. was in turn purchased by the Meredith Corporation on January 31, 2018. In May 2016, the data for almost 360 million Myspace accounts was offered on the Real Deal dark market website.
Is Myspace still active?
Its now almost unrecognisable from its heyday, with music, videos and picture applications replacing the blue-blocked Myspace profile page we all grew to love. No longer can you make all your Myspace connections (friends) aware of your mood like before; it is now all about music and streaming new and upcoming artists.
Did Myspace shut down?
Officially, however, Myspace is far from dead. If you go to myspace.com, youll see that it is very much still alive, though it has mostly transitioned away from social networking to become a curated music and entertainment site. As of 2019, the site boasted over 7 million monthly visits.
Why did Myspace fail?
Once the biggest social media site and acquired for $580 million, MySpace fell from grace due to good competitors and bad management. The demise of MySpace wasnt just down to Facebook being a superior service, though. It was down to mismanagement too. The rise of MySpace can be attributed to timing and accessibility.
Can MySpace make a comeback?
The site is making its comeback as a social music sharing service. In the U.S., Myspace now has more monthly users than Snapchat and Vine, according to comScore, an Internet analytics company. ComScores report says between 2013 and 2014, the site grew 469 percent, to 40 million unique monthly visitors.
Does Justin Timberlake own myspace?
In June 2011, Specific Media Group and Justin Timberlake jointly purchased the company for approximately $35 million. On February 11, 2016, it was announced that Myspace and its parent company had been purchased by Time Inc. for $87 million.