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Friday, March 25, 2011

Within One Month MySpace Loss of 10 Million Users

/ On : 12:15 AM/
Video sharing social network site MySpace lost 10 million unique users within one month since the beginning of this year. Similarly, recent data obtained comScore as reported by the Telegraph, Friday 24 March 2011.

Following news of sale, MySpace lost 10 million unique users during January and February 2011, down from 73 million users to 63 million over the next four weeks. Yet at the same time last year, MySpace had reached 95 million unique users.

MySpace parent company, News Corporation is still trying to remove the social networking. Earlier this year chief executive Mike Jones said that if MySpace would lay off approximately 500 staff worldwide and close some of their international offices.

Myspace struggle against his rival Facebook more popular than porn site, which now successfully gathered more than 600 million users around the world. Unfortunately, despite having done a variety of savings last year, MySpace still have to rack my brain to cope with financial losses.

MySpace loss of  USD100 million in the first quarter last year. To get back on track competition they require a strong investment. That is something that is not ready made by News Corp. because they have other priorities that must be met. Instead they should even continue to spend money to continue its business while it is in operation, according to a senior company official digital.

November 2010, Jones claimed if MySpace is no longer position themselves as social network site as well as a direct rival to Facebook. MySpace tries to focus on content and music concerts that are the root of the video sharing websites service.

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