"MySpace" In Decline As A Social Media Leader

"MySpace" - one of the pioneers of social media - is in decline. So much so, that it no longer calls itself a social network but an entertainment destination.

It claims that it has lost traction to Facebook as the reason for it's pullback. However, it seems that their product is in decline because they didn't develop it like many of the other sites. Many sites have been building and growing, adding functioanlity, members, and employees.

In the past 12 months, MySpace has gone from 110 million users to 63 million, with a loss of 10 million from just January and February this year.

They claim to have reduced their workforce by 50% down to a paltry 500. Not sure what their future holds, but it seems they are no longer pursuing what they started.

I have attempted several times to delete my profile on the site. Not only is it complicated, so far it's been nonresponsive - for me and many others.

 

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For more information on my coaching and educational programs and services, visit my website stevehoffacker.com, or go to my other blog homesalesinsights.com for additional sales tips, insights, and commentary. © Steve Hoffacker.

Comment balloon 24 commentsSteve Hoffacker • March 30 2011 10:15PM
"MySpace" In Decline As A Social Media Leader
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