In 2003 several eUniverse employees decided to mimic the most popular features of social network site Friendster. eUniverse used its network of 20 million to sign up people to the site.
MySpace soon surpassed Friendster in its speed of development.
The site gained popularity quickly with young adults and teenagers.
In 2005 News Corporation bought Myspace for $580 million.
From 2005 to 2008 MySpace was the most visited social networking site in the world and in 2006 surpassed Google as the most visited website in the United States.
In 2008 MySpace began losing ground to Facebook and since then the number of users has declined every year.
In 2011 MySpace was sold for $35 million to Justin Timberlake and and Specific Media Group.
In 2016, Time, Inc., purchased MySpace and Time, along with MySpace, was sold to Meredith Corporation in 2018.
Today MySpace is a social networking service that has a strong emphasis on music. MySpace has 150 employees and had $109 million in revenue in 2016.
In 2003 several eUniverse employees decided to mimic the most popular features of social network site Friendster. eUniverse used its network of 20 million to sign up people to the site.
MySpace soon surpassed Friendster in its speed of development.
History
The site gained popularity quickly with young adults and teenagers.
In 2005 News Corporation bought Myspace for $580 million.
From 2005 to 2008 MySpace was the most visited social networking site in the world and in 2006 surpassed Google as the most visited website in the United States.
In 2008 MySpace began losing ground to Facebook and since then the number of users has declined every year.
In 2011 MySpace was sold for $35 million to Justin Timberlake and and Specific Media Group.
In 2016, Time, Inc., purchased MySpace and Time, along with MySpace, was sold to Meredith Corporation in 2018.
Today MySpace is a social networking service that has a strong emphasis on music. MySpace has 150 employees and had $109 million in revenue in 2016.