Myspace was launched in August 2003 from Beverly Hills, California. It was acquired by News Corporation in July 2005 for $580 million.
From 2005 until early 2008, Myspace was the most visited social networking site in the world, attracting 75.9 million unique visitors a month at its 2008 peak. It surpassed Google as the most visited website in the United States in 2006.
In April 2008, Myspace was overtaken by Facebook in the number of unique worldwide visitors, and was surpassed in the number of unique U.S. visitors in May 2009, though Myspace generated $800 million during the 2008 fiscal year.
In June 2009, Myspace employed approximately 1,600 workers. Since then the company has undergone several rounds of layoffs and by June 2011, Myspace had reduced its staff to around 200.
Since then, the number of Myspace users has declined steadily in spite of several redesigns. MySpace reached its lowest point of membership in 2010. They lost half of their monthly visitors in just one year.
However, since introducing their new new music player, the site has signed up ONE MILLION new users.
“We went from zero signups per day to 40,000,” said Chris Vanderhook, the company’s chief operating officer.
https://startupbros.com/myspace-the-rise-fall-and-rise-again-infographic/