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Wikipedia

Myspace

Myspace (formerly known as MySpace) is a social networking service based in the United States. Launched on August 1, 2003, the site was the first social network to reach a global audience and had a significant influence on technology, pop culture and music.[2] The site played a critical role in the early growth of companies like YouTube[3] and created a developer platform that launched the successes of Zynga, RockYou and Photobucket, among others.[4] From 2005 to 2009, Myspace was the largest social networking site in the world.[5][6]

Myspace LLC
Screenshot of Myspace in 2017
Type of businessSubsidiary
Type of site
Social networking service
Available in14 languages
FoundedAugust 1, 2003; 19 years ago (2003-08-01)
HeadquartersUnited States
Area servedWorldwide
OwnerViant Technology LLC
Founder(s)
Key people
  • Tim Vanderhook (CEO)
  • Chris Vanderhook (COO)
Employees150[1]
URLmyspace.com
RegistrationRequired
LaunchedAugust 1, 2003; 19 years ago (2003-08-01)
Current statusActive

In July 2005, Myspace was acquired by News Corporation for $580 million[7] and, in June 2006, it surpassed Yahoo! and Google to become the most visited website in the United States.[8][9] It generated $800 million in revenue during the 2008 fiscal year.[10] At its peak in April 2008, Myspace and Facebook reached 115 million unique users, but Myspace narrowly lost to the newly emerging Facebook in terms of global users.[11] In May 2009, Facebook surpassed Myspace in its number of unique U.S. visitors.[12] Since then, the number of Myspace users has declined steadily despite several redesigns.[13] By 2019, the site's monthly visitors had dropped to seven million.[11]

In June 2009, Myspace employed approximately 1,600 employees.[14][15] In June 2011, Specific Media Group and Justin Timberlake jointly purchased the company for approximately $35 million.[16] On February 11, 2016, it was announced that Myspace and its parent company had been purchased by Time Inc. for $87 million.[17][18] Time Inc. was in turn purchased by Meredith Corporation on January 31, 2018.[19] On November 4, 2019, Meredith spun off Myspace and its original holding company (Viant Technology Holding Inc.) and sold it to Viant Technology LLC.[20]

History

2003–2005: Beginnings and rise

 
Fox Interactive Media's former headquarters in Beverly Hills, California, before 2016, where Myspace was also housed (now home to Fandango)

In August 2003, several eUniverse employees with Friendster accounts saw potential in its social networking features. The group decided to mimic the more popular features of the website. Within 10 days, the first version of MySpace was ready for launch, implemented using ColdFusion.[13][21] A complete infrastructure of finance, human resources, technical expertise, bandwidth, and server capacity was available for the site. The project was overseen by Brad Greenspan (eUniverse's founder, chairman and CEO), who managed Chris DeWolfe (MySpace's starting CEO), Josh Berman, Tom Anderson (MySpace's starting president), and a team of programmers and resources provided by eUniverse. It was during this early period in June 2003, just prior to the birth of MySpace, that Jeffrey Edell was brought on as chairman of parent company Intermix Media.

The first MySpace users were eUniverse employees. The company held contests to see who could sign up the most users.[22] eUniverse used its 20 million users and e-mail subscribers to breathe life into MySpace[23] and move it to the head of the pack of social networking websites. A key architect was tech expert Toan Nguyen, who helped stabilize the platform when Greenspan asked him to join the team.[24] Co-founder and CTO Aber Whitcomb played an integral role in software architecture, utilizing the then-superior development speed of ColdFusion over other dynamic database driven server-side languages of the time. Despite having over ten times the number of developers, Friendster, which was developed in JavaServer Pages (jsp), could not keep up with the speed of development of MySpace and cfm. For example, users could customize the background, look and feel of pages on MySpace.

 
MySpace logo used from June 2004 to October 2010

The MySpace.com domain was originally owned by YourZ.com, Inc., intended until 2002 for use as an online data storage and sharing site. By late 2003, it was transitioned from a file storage service to a social networking site. A friend who also worked in the data storage business reminded DeWolfe that he had earlier bought the MySpace.com domain.[25] DeWolfe suggested they charge a fee for the basic MySpace service.[26] However, Greenspan nixed the idea, believing that keeping the site free was necessary to make it a successful community.[27] MySpace quickly gained popularity among teenagers and young adults. In February 2005, DeWolfe held talks with Mark Zuckerberg over acquiring Facebook, but rejected Zuckerberg's offer to sell Facebook to him for $75 million.[28] Some employees of MySpace, including DeWolfe and Berman, were able to purchase equity in the property before MySpace and its parent company eUniverse (now renamed Intermix Media) were bought.[citation needed]

2005–2009: Purchase by News Corp. and peak years

In July 2005, in one of the company's first major Internet purchases, News Corporation purchased MySpace for US$580 million.[21][29] At the time of the acquisition, the company was seeing 16 million monthly users and was growing exponentially.[30] News Corporation had beat out Viacom by offering a higher price for the website,[31] and the purchase was seen as a good investment at the time.[31] Within a year, MySpace had tripled in value from its purchase price.[31] News Corporation saw the purchase as a way to capitalize on Internet advertising and drive traffic to other News Corporation properties.[29]

 
Oxfam America president Raymond C. Offenheiser, Wendi Deng and Rupert Murdoch with MySpace co-founders Anderson and DeWolfe at the 2006 Oxfam/MySpace Rock for Darfur event

After the acquisition, MySpace continued its exponential growth. In January 2006, the site was signing up 200,000 new users a day. A year later, it was registering 320,000 users a day, and had overtaken Yahoo! to become the most visited website in the United States. ComScore said that a key driver of the site's success in the US was high "engagement levels", with the average MySpace user viewing over 660 pages a month.[32]

In January 2006, Fox announced plans to launch a UK version of MySpace.[33] During 2006, MySpace launched localized versions in 11 countries across Europe, Asia and the Americas, including MySpace China with Solstice.[34] At the time, Travis Katz, senior vice-president for international operations, reported that 30 million of the site's 90 million users were coming from outside of the United States.[32]

The 100 millionth MySpace account was created on August 9, 2006, in the Netherlands.[35] That same month, MySpace signed a landmark advertising deal with Google that guaranteed MySpace $900 million over three years, over 55% more than the price News Corporation had paid to acquire the business. In exchange, Google received exclusive rights to provide Web search results and sponsored links on MySpace. When the deal was signed, Google chairman Eric Schmidt said, "When we looked at what was growing on the Web, all our internal metrics pointed to [MySpace] [...] It's important to move Google to where users are, and that is where user-generated content is."[36]

By October 2006, MySpace had grown from generating $1 million in revenue per month to $30 million per month, half of which came from the Google deal. The remaining 50% came from display advertising sold by MySpace's in-house sales team.[5] In November 2006, Myspace announced a 50-50 joint venture with Softbank to launch the site in Japan.[37][38]

In mid-2007, MySpace was the largest social-networking site in every European country where it had created a local presence. By July 2007, Nielsen//NetRatings reported the company's "active reach", or the percentage of the population that visited the site, was anywhere from 10 to 15 times higher in Spain, France and Germany than for runner-up Facebook; in the United Kingdom, MySpace led Facebook by two-to-one in terms of reach.[39]

On November 1, 2007, MySpace and Bebo joined the Google-led OpenSocial alliance, which already included Friendster, Hi5, LinkedIn, Plaxo, Ning, and Six Apart. The alliance's goal was to promote a common set of standards for software developers to write programs for social networks. Google had been unsuccessful in building its own social networking site Orkut in the American market, and was using the alliance to present a counterweight to Facebook.[40][41][42][43]

By late 2007 and into 2008, MySpace was considered the leading social networking site, and consistently beat out its main competitor Facebook in traffic. Initially, the emergence of Facebook did little to diminish MySpace's popularity; at the time, Facebook was targeted only at college students.

At its peak, when News Corporation attempted to merge it with Yahoo! in 2007, Myspace was valued at $12 billion.[44][45]

2009–2016: Decline and sale by News Corporation

On April 19, 2008, Facebook overtook MySpace in Alexa rankings.[46][47] In May 2009, Facebook surpassed MySpace in the number of unique U.S. visitors.[12] Since then, Myspace has seen a continuing loss of membership. There are several suggested explanations for its decline, including the fact that it stuck to a "portal strategy" of building an audience around entertainment and music, whereas Facebook and Twitter continually added new features to improve the social networking experience.[48][49]

A former MySpace executive suggested that the $900 million three-year advertisement deal with Google,[50] while being a short-term cash windfall, was a handicap in the long run, as it required MySpace to place even more ads on its already heavily advertised space, which made the site slow, more difficult to use and less flexible. MySpace could not experiment with its own site without forfeiting revenue, while Facebook was rolling out a new, clean site design.[51][52] MySpace CEO Chris DeWolfe reported that he had to push back against Fox Interactive Media's sales team, who monetized the site without regard to user experience.[13] In 2012, Katz described how News Corporation had put significant pressure on MySpace to "focus on near-term monetization, as opposed to thinking about long-term product strategy," while Facebook focused user engagement over revenue.[53]

Danah Boyd, a senior researcher at Microsoft Research, noted of social networking websites that "companies might serially rise, fall, and disappear, as influential peers pull others in on the climb up—and signal to flee when it's time to get out." The volatility of social networks was exemplified in 2006, when Connecticut Attorney General Richard Blumenthal launched an investigation into children's exposure to pornography on MySpace. The resulting media frenzy and the site's lack of an effective spam filter gave the site a reputation as a "vortex of perversion". Around that time, specialized social media companies such as Twitter formed and began targeting users on MySpace, while Facebook rolled out communication tools that were seen as safe in comparison to MySpace. In addition, MySpace had particular problems with vandalism, phishing, malware, and spam, which it failed to curtail, making the site seem inhospitable.[54]

These have been cited as factors why users, who as teenagers were MySpace's strongest audience in 2006 and 2007,[55][56] had been migrating to Facebook, which started strongly with the 18-to-24 group (mostly college students)[57] and has been much more successful than MySpace at attracting older users.[58][59][60]

News Corporation chairman and CEO Rupert Murdoch was said to be frustrated that MySpace never met expectations as a distribution outlet for Fox studio content and missed the US$1 billion mark in total revenues.[61] This resulted in DeWolfe and Anderson gradually losing their status within Murdoch's inner circle of executives, as well as DeWolfe's mentor Peter Chernin, president and COO of News Corporation, departing the company in June 2009. Former AOL executive Jonathan Miller, who joined News Corporation in charge of the digital media business, was in the job for three weeks when he shuffled MySpace's executive team in April 2009. MySpace president Tom Anderson stepped down while Chris DeWolfe was replaced as CEO by former Facebook COO Owen Van Natta.[62][63] A meeting at News Corporation over the direction of MySpace in March 2009 was reportedly the catalyst for that management shakeup, with the Google search deal about to expire and the departure of key personnel (Myspace's COO, SVP of engineering, and SVP of strategy) to form a startup. Furthermore, the opening of extravagant new offices around the world was questioned, as Facebook did not have similarly expensive expansion plans but still attracted international users at a rapid rate.[13] The changes to MySpace's executive ranks were followed in June 2009 by a layoff of 37.5% of its workforce (including 30% of its U.S. employees), reducing employees from 1,600 to 1,000.[13]

In 2009, MySpace implemented site redesigns as a way to get users back. However, this may have backfired, as users generally disliked tweaks and changes on Facebook.[55][64]

In March 2011, market research figures released by Comscore suggested that Myspace had lost 10 million users between January and February 2011, and had fallen from 95 million to 63 million unique users in the previous 12 months.[65] Myspace registered its sharpest audience declines in February 2011, as traffic fell 44% from a year earlier to 37.7 million U.S. visitors. Advertisers were reported as unwilling to commit to long-term deals with the site.[66]

In late February 2011, News Corporation officially put the site up for sale for an estimated $50–200 million.[67] Losses from the last quarter of 2010 were $156 million, over double the previous year, which dragged down the otherwise strong results of News Corporation.[14][68] The deadline for bids, May 31, 2011, passed without any above the reserve price of $100 million being submitted.[69] It has been said that the decline in users during the most recent quarter deterred several potential suitors.[14]

On June 29, 2011, Myspace announced in an email to label partners and press that it had been acquired by Specific Media for an undisclosed sum, which was rumored to be as low as $35 million.[70][71] CNN reported that the site sold for $35 million, and noted that it was "far less than the $580 million News Corp. paid for Myspace in 2005."[72] Murdoch went on to call the Myspace purchase a "huge mistake",[73] and Time magazine compared it to Time Warner's 2000 purchase of AOL, which saw a conglomerate trying to stay ahead of the competition.[31] Many former executives have gone on to further success after departing Myspace.[74]

2016–present: Time Inc. and Meredith Corporation ownership

On February 11, 2016, it was announced that Myspace and its parent company had been bought by Time Inc.;[17] On January 31, 2018, Time Inc. was in turn purchased by Meredith Corporation,[19] who went on to sell a number of Time Inc.'s assets, including (as it announced on November 4, 2019)[75] selling its equity in Viant, the parent company of Specific Media, back to Viant Technology Holding Inc.[76]

In May 2016, the data for almost 360 million Myspace accounts was offered on the "Real Deal" dark market website, which included email addresses, usernames and weakly encrypted passwords (SHA1 hashes of the first 10 characters of the password converted to lowercase and stored without a cryptographic salt).[77][78] The exact data breach date is unknown, but analysis of the data suggests it was exposed around eight years before being made public, around mid-2008 to early 2009.[79]

Features

Since YouTube's founding in 2005, Myspace users had the ability to embed YouTube videos in their profiles. Realizing the competitive threat to its new Myspace Videos service, the site banned embedded YouTube videos from its user profiles, which was widely protested by Myspace users, prompting the site to lift it shortly thereafter.[80]

There were a variety of environments in which users could access Myspace content on their mobile phones. In early 2006, mobile phone provider Helio released a series of mobile phones utilizing a service known as Myspace Mobile to access and edit one's profile and communicate with and view the profiles of other members.[81] Additionally, UIEvolution and Myspace developed a mobile version of Myspace for a wider range of carriers, including AT&T, Vodafone[82] and Rogers Wireless.[83] In August 2006, Myspace began offering classified ads, which grew by 33 percent during the following year.[84] It previously had an instant messaging tool called MySpace IM. Myspace used an implementation of Telligent Community for its forum system.[85]

Music

Shortly after Myspace was sold to News Corporation in 2005, the website launched a record label called MySpace Records, with JD Mangosing as CEO, in an effort to discover unknown talent on Myspace Music,[25] a service onto which artists can upload songs, EPs and full-length albums. As of June 2014, over 53 million songs have been uploaded to the site by 14.2 million artists.[86] Artists such as My Chemical Romance, Nicki Minaj, Lily Allen, Taylor Swift, Lady Gaga, and Katy Perry gained fame and recognition through Myspace. Over eight million artists have been discovered through the site.[87] In late 2007, the site launched The MySpace Transmissions, a series of live-in-studio recordings by well-known artists.

On March 18, 2019, it was revealed that Myspace had lost all of its user content from 2015 and earlier in botched server migration with no backup. Over 50 million songs and 12 years' worth of content were permanently lost.[88] In April 2019, the Internet Archive recovered 490,000 MP3s "using unknown means by an anonymous academic study conducted between 2008 and 2010". The songs, which were uploaded between 2008 and 2010, are collectively known as the "MySpace Dragon Hoard".[89]

MySpaceTV

On May 16, 2007, Myspace partnered with news publications National Geographic, the New York Times and Reuters to provide professional visual contents on its social-networking Web site.[90]

On June 27, 2007, Myspace launched MySpaceTV.[91]

On August 8, 2007, Myspace partnered with satire publication The Onion to provide audio, video and print content to the site.[92]

On October 22, 2007, Myspace launched its first original web series Roommates, which intended to give its users a television-like experience with the interactive benefits of the Internet.[93]

On February 27, 2008, TMZ launched its web channel on MySpaceTV.[94]

On April 21, 2008, Myspace signed a deal with Byron Allen's Entertainment Studios that brought programming such as the syndicated series Comics Unleashed with Byron Allen, Entertainers with Byron Allen, Beautiful Homes and Great Estates, and Designer Fashions & Runways to MySpaceTV.[95]

Redesigns

On March 10, 2010, Myspace added new features including a recommendation engine for new users that suggests games, music and videos based on their previous search habits. The security on Myspace was also accounted to, with the criticism of Facebook, to make it a safer site. The security of Myspace enables users to choose if the content could be viewed for "friends only", "18 and older" or "everyone".[96]

In October 2010, Myspace introduced a beta version of a new site design on a limited scale, with plans to switch all interested users to the new site in late November. Chief executive Mike Jones said the site was no longer competing with Facebook as a general social networking site; instead, it would be music-oriented and would target younger people. Jones believed most younger users would continue to use the site after the redesign, though older users might not. The goal of the redesign was to increase the number of Myspace users and how long they spend there. BTIG analyst Richard Greenfield said, "Most investors have written off MySpace now," and was unsure whether the changes would help the company recover.[97]

In November 2010, Myspace changed its logo to coincide with the new site design. The word "my" appears in the Helvetica font, followed by a symbol representing a space. The logo change was announced on October 8, 2010, and appeared on the site on November 11.[98] In the same month, Myspace integrated with Facebook Connect – calling it "Mash Up with Facebook" in an announcement widely seen as the final act of acknowledging Facebook's domination of the social networking industry.[99]

In January 2011, it was announced that the Myspace staff would be reduced by 47%.[100] Despite the new design, user adoption continued to decrease.[101]

In September 2012, a new redesign was announced, with no date given, making Myspace more visual and apparently optimized for tablets.[102] The redesign was publicly released on January 15, 2013;[103] by April 2013 (presumably before), users were able to transfer to the new Myspace redesign. In June 2013, that redesign resulted in users losing access to all of their previous blog material. Users who lost access to their contributions and historians lamented this sudden and unannounced deletion of access.[104]

Key executives

Name Role Years
Chris DeWolfe Co-Founder, CEO 2003–2009
Tom Anderson Co-Founder, President 2003–2009
Aber Whitcomb CTO 2003–2009
Josh Berman COO 2003–2008
Travis Katz SVP, Head of International 2005–2009
Amit Kapur COO

VP, Business Development

2008–2009

2006–2009

Jamie Kantrowitz SVP, International Marketing 2004–2009
Shawn Gold SVP, Marketing 2006–2007
Jeff Berman President, Sales & Marketing

VP Communications & Policy

2007–2009

2006–2007

Dani Dudeck VP Communications 2006–2010
Steve Pearman SVP, Strategy 2005–2009
Tom Andrus SVP Product 2007–2009

Corporate information

Foreign versions

Since early 2006, Myspace has offered the option to access the service in different regional versions. The alternative regional versions present automated content according to locality (e.g., UK users see other UK users as "Cool New People," and UK-oriented events and adverts, etc.), offer local languages other than English, or accommodate the regional differences in spelling and conventions in the English-speaking world (e.g., United States: "favorites," mm/dd/yyyy; the rest of the world: "favourites," dd/mm/yyyy).

MySpace Developer Platform (MDP)

On February 5, 2008, MySpace set up a developer platform allowing developers to share their ideas and write their own Myspace applications. The opening was inaugurated with a workshop at the MySpace offices in San Francisco two weeks before the official launch. The MDP is based on the OpenSocial API, which was presented by Google in November 2007 to support social networks to develop social and interacting widgets, and can be seen as an answer to Facebook's developer platform. The first public beta of the MySpace Apps was released on March 5, 2008, with around 1,000 applications available.[105][106]

Myspace server infrastructure

At QCon London 2008,[107] MySpace Chief Systems Architect Dan Farino indicated that the site was sending 100 gigabits of data per second out to the Internet; 10 gigabits of which was HTML content and the remainder was media such as videos and pictures. The server infrastructure consists of over 4,500 web servers (running Windows Server 2003, IIS 6.0, ASP.NET and .NET Framework 3.5), over 1,200 cache servers (running 64-bit Windows Server 2003), and over 500 database servers (running 64-bit Windows Server 2003 and SQL Server 2005), as well as a custom distributed file system which runs on Gentoo Linux.

In 2009, MySpace began migrating from HDD to SSD technology in some of their servers, resulting in space and power usage savings.[108]

Revenue model

Myspace operates[when?] solely on revenues generated by advertising, as its revenue model possesses no user-paid features.[109] Through its site and affiliated advertising networks, the site collects data about its users and utilizes behavioral targeting to select the ads each visitor sees.[110]

On August 8, 2006, search engine Google signed a $900 million deal to provide a search facility and advertising on MySpace.[111][112][113]

Third-party content

Companies such as Slide.com and RockYou were all launched on Myspace as widgets providing additional functionality to the site. Other sites created layouts to personalize the site and made hundreds of thousands of dollars for its owners, most of whom were in their late teens and early twenties.[114][115]

In November 2008, MySpace announced that user-uploaded content infringing on copyrights held by MTV and its subsidiary networks would be redistributed with advertisements to generate revenue for the companies.[116]

Acquisition of Imeem

On November 18, 2009, MySpace Music acquired Imeem for less than $1 million.[117] MySpace stated that they would be transitioning Imeem's users and migrating their playlists over to MySpace Music. On January 15, 2010, MySpace began restoring Imeem playlists.[118]

Mobile application

Along with its website redesign, Myspace also completely redesigned their mobile application. The redesigned app on the Apple App Store was released in June 2013. The app features a tool for users to create and edit gif images and post them to their Myspace stream. The app also allows users to stream available "live streams" of concerts. New users are able to join Myspace from the app by signing in with Facebook or Twitter or by signing up with email.

Availability

Location Size Available Price Version Device requirement Last update
App Store 15.6 MB No Free 3.6.2 iOS 6.1 or greater February 8, 2014
Google Play 16 MB No Free 3.1.0 Android 4.1 or greater April 17, 2015

The Myspace mobile app is no longer available on the Google Play Store or the Apple App Store. The mobile web app can be accessed by visiting Myspace.com from a mobile device.

Radio

The app allows users to play Myspace radio channels from the device. Users can select from genre stations, featured stations and user or artist stations. A user can build their own station by connecting and listening to songs on Myspace's desktop website. The user is given six skips per station.

See also

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Further reading

  • Angwin, Julia. 2009. Stealing MySpace: The Battle to Control the Most Popular Website in America, New York: Random House. ISBN 978-1-4000-6694-0
  • Davis, Donald Carrington (May 2010). "Myspace Isn't Your Space: Expanding the Fair Credit Reporting Act to Ensure Accountability and Fairness in Employer Searches of Online Social Networking Services". Kan. J.L. & Pub. Pol'y. 16 (237). doi:10.2139/ssrn.1601471. S2CID 166271279.
  • Dodero, Camille, , Boston Phoenix, December 20, 2006.
  • Tapscott, Don and Anthony D. Williams. 2007. Wikinomics: How Mass Collaboration Changes Everything. New York: Penguin.

External links

  • Official website  

myspace, formerly, known, myspace, social, networking, service, based, united, states, launched, august, 2003, site, first, social, network, reach, global, audience, significant, influence, technology, culture, music, site, played, critical, role, early, growt. Myspace formerly known as MySpace is a social networking service based in the United States Launched on August 1 2003 the site was the first social network to reach a global audience and had a significant influence on technology pop culture and music 2 The site played a critical role in the early growth of companies like YouTube 3 and created a developer platform that launched the successes of Zynga RockYou and Photobucket among others 4 From 2005 to 2009 Myspace was the largest social networking site in the world 5 6 Myspace LLCScreenshot of Myspace in 2017Type of businessSubsidiaryType of siteSocial networking serviceAvailable in14 languagesFoundedAugust 1 2003 19 years ago 2003 08 01 HeadquartersUnited StatesArea servedWorldwideOwnerViant Technology LLCFounder s Chris DeWolfe Tom Anderson Jon HartKey peopleTim Vanderhook CEO Chris Vanderhook COO Employees150 1 URLmyspace wbr comRegistrationRequiredLaunchedAugust 1 2003 19 years ago 2003 08 01 Current statusActiveIn July 2005 Myspace was acquired by News Corporation for 580 million 7 and in June 2006 it surpassed Yahoo and Google to become the most visited website in the United States 8 9 It generated 800 million in revenue during the 2008 fiscal year 10 At its peak in April 2008 Myspace and Facebook reached 115 million unique users but Myspace narrowly lost to the newly emerging Facebook in terms of global users 11 In May 2009 Facebook surpassed Myspace in its number of unique U S visitors 12 Since then the number of Myspace users has declined steadily despite several redesigns 13 By 2019 the site s monthly visitors had dropped to seven million 11 In June 2009 Myspace employed approximately 1 600 employees 14 15 In June 2011 Specific Media Group and Justin Timberlake jointly purchased the company for approximately 35 million 16 On February 11 2016 it was announced that Myspace and its parent company had been purchased by Time Inc for 87 million 17 18 Time Inc was in turn purchased by Meredith Corporation on January 31 2018 19 On November 4 2019 Meredith spun off Myspace and its original holding company Viant Technology Holding Inc and sold it to Viant Technology LLC 20 Contents 1 History 1 1 2003 2005 Beginnings and rise 1 2 2005 2009 Purchase by News Corp and peak years 1 3 2009 2016 Decline and sale by News Corporation 1 4 2016 present Time Inc and Meredith Corporation ownership 2 Features 2 1 Music 2 2 MySpaceTV 2 3 Redesigns 3 Key executives 4 Corporate information 4 1 Foreign versions 4 2 MySpace Developer Platform MDP 4 3 Myspace server infrastructure 4 4 Revenue model 4 5 Third party content 4 6 Acquisition of Imeem 5 Mobile application 5 1 Availability 5 2 Radio 6 See also 7 References 8 Further reading 9 External linksHistory Edit2003 2005 Beginnings and rise Edit Fox Interactive Media s former headquarters in Beverly Hills California before 2016 where Myspace was also housed now home to Fandango In August 2003 several eUniverse employees with Friendster accounts saw potential in its social networking features The group decided to mimic the more popular features of the website Within 10 days the first version of MySpace was ready for launch implemented using ColdFusion 13 21 A complete infrastructure of finance human resources technical expertise bandwidth and server capacity was available for the site The project was overseen by Brad Greenspan eUniverse s founder chairman and CEO who managed Chris DeWolfe MySpace s starting CEO Josh Berman Tom Anderson MySpace s starting president and a team of programmers and resources provided by eUniverse It was during this early period in June 2003 just prior to the birth of MySpace that Jeffrey Edell was brought on as chairman of parent company Intermix Media The first MySpace users were eUniverse employees The company held contests to see who could sign up the most users 22 eUniverse used its 20 million users and e mail subscribers to breathe life into MySpace 23 and move it to the head of the pack of social networking websites A key architect was tech expert Toan Nguyen who helped stabilize the platform when Greenspan asked him to join the team 24 Co founder and CTO Aber Whitcomb played an integral role in software architecture utilizing the then superior development speed of ColdFusion over other dynamic database driven server side languages of the time Despite having over ten times the number of developers Friendster which was developed in JavaServer Pages jsp could not keep up with the speed of development of MySpace and cfm For example users could customize the background look and feel of pages on MySpace MySpace logo used from June 2004 to October 2010 The MySpace com domain was originally owned by YourZ com Inc intended until 2002 for use as an online data storage and sharing site By late 2003 it was transitioned from a file storage service to a social networking site A friend who also worked in the data storage business reminded DeWolfe that he had earlier bought the MySpace com domain 25 DeWolfe suggested they charge a fee for the basic MySpace service 26 However Greenspan nixed the idea believing that keeping the site free was necessary to make it a successful community 27 MySpace quickly gained popularity among teenagers and young adults In February 2005 DeWolfe held talks with Mark Zuckerberg over acquiring Facebook but rejected Zuckerberg s offer to sell Facebook to him for 75 million 28 Some employees of MySpace including DeWolfe and Berman were able to purchase equity in the property before MySpace and its parent company eUniverse now renamed Intermix Media were bought citation needed 2005 2009 Purchase by News Corp and peak years Edit In July 2005 in one of the company s first major Internet purchases News Corporation purchased MySpace for US 580 million 21 29 At the time of the acquisition the company was seeing 16 million monthly users and was growing exponentially 30 News Corporation had beat out Viacom by offering a higher price for the website 31 and the purchase was seen as a good investment at the time 31 Within a year MySpace had tripled in value from its purchase price 31 News Corporation saw the purchase as a way to capitalize on Internet advertising and drive traffic to other News Corporation properties 29 Oxfam America president Raymond C Offenheiser Wendi Deng and Rupert Murdoch with MySpace co founders Anderson and DeWolfe at the 2006 Oxfam MySpace Rock for Darfur event After the acquisition MySpace continued its exponential growth In January 2006 the site was signing up 200 000 new users a day A year later it was registering 320 000 users a day and had overtaken Yahoo to become the most visited website in the United States ComScore said that a key driver of the site s success in the US was high engagement levels with the average MySpace user viewing over 660 pages a month 32 In January 2006 Fox announced plans to launch a UK version of MySpace 33 During 2006 MySpace launched localized versions in 11 countries across Europe Asia and the Americas including MySpace China with Solstice 34 At the time Travis Katz senior vice president for international operations reported that 30 million of the site s 90 million users were coming from outside of the United States 32 The 100 millionth MySpace account was created on August 9 2006 in the Netherlands 35 That same month MySpace signed a landmark advertising deal with Google that guaranteed MySpace 900 million over three years over 55 more than the price News Corporation had paid to acquire the business In exchange Google received exclusive rights to provide Web search results and sponsored links on MySpace When the deal was signed Google chairman Eric Schmidt said When we looked at what was growing on the Web all our internal metrics pointed to MySpace It s important to move Google to where users are and that is where user generated content is 36 By October 2006 MySpace had grown from generating 1 million in revenue per month to 30 million per month half of which came from the Google deal The remaining 50 came from display advertising sold by MySpace s in house sales team 5 In November 2006 Myspace announced a 50 50 joint venture with Softbank to launch the site in Japan 37 38 In mid 2007 MySpace was the largest social networking site in every European country where it had created a local presence By July 2007 Nielsen NetRatings reported the company s active reach or the percentage of the population that visited the site was anywhere from 10 to 15 times higher in Spain France and Germany than for runner up Facebook in the United Kingdom MySpace led Facebook by two to one in terms of reach 39 On November 1 2007 MySpace and Bebo joined the Google led OpenSocial alliance which already included Friendster Hi5 LinkedIn Plaxo Ning and Six Apart The alliance s goal was to promote a common set of standards for software developers to write programs for social networks Google had been unsuccessful in building its own social networking site Orkut in the American market and was using the alliance to present a counterweight to Facebook 40 41 42 43 By late 2007 and into 2008 MySpace was considered the leading social networking site and consistently beat out its main competitor Facebook in traffic Initially the emergence of Facebook did little to diminish MySpace s popularity at the time Facebook was targeted only at college students At its peak when News Corporation attempted to merge it with Yahoo in 2007 Myspace was valued at 12 billion 44 45 2009 2016 Decline and sale by News Corporation Edit On April 19 2008 Facebook overtook MySpace in Alexa rankings 46 47 In May 2009 Facebook surpassed MySpace in the number of unique U S visitors 12 Since then Myspace has seen a continuing loss of membership There are several suggested explanations for its decline including the fact that it stuck to a portal strategy of building an audience around entertainment and music whereas Facebook and Twitter continually added new features to improve the social networking experience 48 49 A former MySpace executive suggested that the 900 million three year advertisement deal with Google 50 while being a short term cash windfall was a handicap in the long run as it required MySpace to place even more ads on its already heavily advertised space which made the site slow more difficult to use and less flexible MySpace could not experiment with its own site without forfeiting revenue while Facebook was rolling out a new clean site design 51 52 MySpace CEO Chris DeWolfe reported that he had to push back against Fox Interactive Media s sales team who monetized the site without regard to user experience 13 In 2012 Katz described how News Corporation had put significant pressure on MySpace to focus on near term monetization as opposed to thinking about long term product strategy while Facebook focused user engagement over revenue 53 Danah Boyd a senior researcher at Microsoft Research noted of social networking websites that companies might serially rise fall and disappear as influential peers pull others in on the climb up and signal to flee when it s time to get out The volatility of social networks was exemplified in 2006 when Connecticut Attorney General Richard Blumenthal launched an investigation into children s exposure to pornography on MySpace The resulting media frenzy and the site s lack of an effective spam filter gave the site a reputation as a vortex of perversion Around that time specialized social media companies such as Twitter formed and began targeting users on MySpace while Facebook rolled out communication tools that were seen as safe in comparison to MySpace In addition MySpace had particular problems with vandalism phishing malware and spam which it failed to curtail making the site seem inhospitable 54 These have been cited as factors why users who as teenagers were MySpace s strongest audience in 2006 and 2007 55 56 had been migrating to Facebook which started strongly with the 18 to 24 group mostly college students 57 and has been much more successful than MySpace at attracting older users 58 59 60 News Corporation chairman and CEO Rupert Murdoch was said to be frustrated that MySpace never met expectations as a distribution outlet for Fox studio content and missed the US 1 billion mark in total revenues 61 This resulted in DeWolfe and Anderson gradually losing their status within Murdoch s inner circle of executives as well as DeWolfe s mentor Peter Chernin president and COO of News Corporation departing the company in June 2009 Former AOL executive Jonathan Miller who joined News Corporation in charge of the digital media business was in the job for three weeks when he shuffled MySpace s executive team in April 2009 MySpace president Tom Anderson stepped down while Chris DeWolfe was replaced as CEO by former Facebook COO Owen Van Natta 62 63 A meeting at News Corporation over the direction of MySpace in March 2009 was reportedly the catalyst for that management shakeup with the Google search deal about to expire and the departure of key personnel Myspace s COO SVP of engineering and SVP of strategy to form a startup Furthermore the opening of extravagant new offices around the world was questioned as Facebook did not have similarly expensive expansion plans but still attracted international users at a rapid rate 13 The changes to MySpace s executive ranks were followed in June 2009 by a layoff of 37 5 of its workforce including 30 of its U S employees reducing employees from 1 600 to 1 000 13 In 2009 MySpace implemented site redesigns as a way to get users back However this may have backfired as users generally disliked tweaks and changes on Facebook 55 64 In March 2011 market research figures released by Comscore suggested that Myspace had lost 10 million users between January and February 2011 and had fallen from 95 million to 63 million unique users in the previous 12 months 65 Myspace registered its sharpest audience declines in February 2011 as traffic fell 44 from a year earlier to 37 7 million U S visitors Advertisers were reported as unwilling to commit to long term deals with the site 66 In late February 2011 News Corporation officially put the site up for sale for an estimated 50 200 million 67 Losses from the last quarter of 2010 were 156 million over double the previous year which dragged down the otherwise strong results of News Corporation 14 68 The deadline for bids May 31 2011 passed without any above the reserve price of 100 million being submitted 69 It has been said that the decline in users during the most recent quarter deterred several potential suitors 14 On June 29 2011 Myspace announced in an email to label partners and press that it had been acquired by Specific Media for an undisclosed sum which was rumored to be as low as 35 million 70 71 CNN reported that the site sold for 35 million and noted that it was far less than the 580 million News Corp paid for Myspace in 2005 72 Murdoch went on to call the Myspace purchase a huge mistake 73 and Time magazine compared it to Time Warner s 2000 purchase of AOL which saw a conglomerate trying to stay ahead of the competition 31 Many former executives have gone on to further success after departing Myspace 74 2016 present Time Inc and Meredith Corporation ownership Edit On February 11 2016 it was announced that Myspace and its parent company had been bought by Time Inc 17 On January 31 2018 Time Inc was in turn purchased by Meredith Corporation 19 who went on to sell a number of Time Inc s assets including as it announced on November 4 2019 75 selling its equity in Viant the parent company of Specific Media back to Viant Technology Holding Inc 76 In May 2016 the data for almost 360 million Myspace accounts was offered on the Real Deal dark market website which included email addresses usernames and weakly encrypted passwords SHA1 hashes of the first 10 characters of the password converted to lowercase and stored without a cryptographic salt 77 78 The exact data breach date is unknown but analysis of the data suggests it was exposed around eight years before being made public around mid 2008 to early 2009 79 Features EditSince YouTube s founding in 2005 Myspace users had the ability to embed YouTube videos in their profiles Realizing the competitive threat to its new Myspace Videos service the site banned embedded YouTube videos from its user profiles which was widely protested by Myspace users prompting the site to lift it shortly thereafter 80 There were a variety of environments in which users could access Myspace content on their mobile phones In early 2006 mobile phone provider Helio released a series of mobile phones utilizing a service known as Myspace Mobile to access and edit one s profile and communicate with and view the profiles of other members 81 Additionally UIEvolution and Myspace developed a mobile version of Myspace for a wider range of carriers including AT amp T Vodafone 82 and Rogers Wireless 83 In August 2006 Myspace began offering classified ads which grew by 33 percent during the following year 84 It previously had an instant messaging tool called MySpace IM Myspace used an implementation of Telligent Community for its forum system 85 Music Edit Shortly after Myspace was sold to News Corporation in 2005 the website launched a record label called MySpace Records with JD Mangosing as CEO in an effort to discover unknown talent on Myspace Music 25 a service onto which artists can upload songs EPs and full length albums As of June 2014 over 53 million songs have been uploaded to the site by 14 2 million artists 86 Artists such as My Chemical Romance Nicki Minaj Lily Allen Taylor Swift Lady Gaga and Katy Perry gained fame and recognition through Myspace Over eight million artists have been discovered through the site 87 In late 2007 the site launched The MySpace Transmissions a series of live in studio recordings by well known artists On March 18 2019 it was revealed that Myspace had lost all of its user content from 2015 and earlier in botched server migration with no backup Over 50 million songs and 12 years worth of content were permanently lost 88 In April 2019 the Internet Archive recovered 490 000 MP3s using unknown means by an anonymous academic study conducted between 2008 and 2010 The songs which were uploaded between 2008 and 2010 are collectively known as the MySpace Dragon Hoard 89 MySpaceTV Edit Further information List of original programs distributed by MySpaceTVOn May 16 2007 Myspace partnered with news publications National Geographic the New York Times and Reuters to provide professional visual contents on its social networking Web site 90 On June 27 2007 Myspace launched MySpaceTV 91 On August 8 2007 Myspace partnered with satire publication The Onion to provide audio video and print content to the site 92 On October 22 2007 Myspace launched its first original web series Roommates which intended to give its users a television like experience with the interactive benefits of the Internet 93 On February 27 2008 TMZ launched its web channel on MySpaceTV 94 On April 21 2008 Myspace signed a deal with Byron Allen s Entertainment Studios that brought programming such as the syndicated series Comics Unleashed with Byron Allen Entertainers with Byron Allen Beautiful Homes and Great Estates and Designer Fashions amp Runways to MySpaceTV 95 Redesigns Edit On March 10 2010 Myspace added new features including a recommendation engine for new users that suggests games music and videos based on their previous search habits The security on Myspace was also accounted to with the criticism of Facebook to make it a safer site The security of Myspace enables users to choose if the content could be viewed for friends only 18 and older or everyone 96 In October 2010 Myspace introduced a beta version of a new site design on a limited scale with plans to switch all interested users to the new site in late November Chief executive Mike Jones said the site was no longer competing with Facebook as a general social networking site instead it would be music oriented and would target younger people Jones believed most younger users would continue to use the site after the redesign though older users might not The goal of the redesign was to increase the number of Myspace users and how long they spend there BTIG analyst Richard Greenfield said Most investors have written off MySpace now and was unsure whether the changes would help the company recover 97 In November 2010 Myspace changed its logo to coincide with the new site design The word my appears in the Helvetica font followed by a symbol representing a space The logo change was announced on October 8 2010 and appeared on the site on November 11 98 In the same month Myspace integrated with Facebook Connect calling it Mash Up with Facebook in an announcement widely seen as the final act of acknowledging Facebook s domination of the social networking industry 99 In January 2011 it was announced that the Myspace staff would be reduced by 47 100 Despite the new design user adoption continued to decrease 101 In September 2012 a new redesign was announced with no date given making Myspace more visual and apparently optimized for tablets 102 The redesign was publicly released on January 15 2013 103 by April 2013 presumably before users were able to transfer to the new Myspace redesign In June 2013 that redesign resulted in users losing access to all of their previous blog material Users who lost access to their contributions and historians lamented this sudden and unannounced deletion of access 104 Key executives EditName Role YearsChris DeWolfe Co Founder CEO 2003 2009Tom Anderson Co Founder President 2003 2009Aber Whitcomb CTO 2003 2009Josh Berman COO 2003 2008Travis Katz SVP Head of International 2005 2009Amit Kapur COO VP Business Development 2008 2009 2006 2009Jamie Kantrowitz SVP International Marketing 2004 2009Shawn Gold SVP Marketing 2006 2007Jeff Berman President Sales amp Marketing VP Communications amp Policy 2007 2009 2006 2007Dani Dudeck VP Communications 2006 2010Steve Pearman SVP Strategy 2005 2009Tom Andrus SVP Product 2007 2009Corporate information EditForeign versions Edit Since early 2006 Myspace has offered the option to access the service in different regional versions The alternative regional versions present automated content according to locality e g UK users see other UK users as Cool New People and UK oriented events and adverts etc offer local languages other than English or accommodate the regional differences in spelling and conventions in the English speaking world e g United States favorites mm dd yyyy the rest of the world favourites dd mm yyyy MySpace Developer Platform MDP Edit On February 5 2008 MySpace set up a developer platform allowing developers to share their ideas and write their own Myspace applications The opening was inaugurated with a workshop at the MySpace offices in San Francisco two weeks before the official launch The MDP is based on the OpenSocial API which was presented by Google in November 2007 to support social networks to develop social and interacting widgets and can be seen as an answer to Facebook s developer platform The first public beta of the MySpace Apps was released on March 5 2008 with around 1 000 applications available 105 106 Myspace server infrastructure Edit At QCon London 2008 107 MySpace Chief Systems Architect Dan Farino indicated that the site was sending 100 gigabits of data per second out to the Internet 10 gigabits of which was HTML content and the remainder was media such as videos and pictures The server infrastructure consists of over 4 500 web servers running Windows Server 2003 IIS 6 0 ASP NET and NET Framework 3 5 over 1 200 cache servers running 64 bit Windows Server 2003 and over 500 database servers running 64 bit Windows Server 2003 and SQL Server 2005 as well as a custom distributed file system which runs on Gentoo Linux In 2009 MySpace began migrating from HDD to SSD technology in some of their servers resulting in space and power usage savings 108 Revenue model Edit Myspace operates when solely on revenues generated by advertising as its revenue model possesses no user paid features 109 Through its site and affiliated advertising networks the site collects data about its users and utilizes behavioral targeting to select the ads each visitor sees 110 On August 8 2006 search engine Google signed a 900 million deal to provide a search facility and advertising on MySpace 111 112 113 Third party content Edit Companies such as Slide com and RockYou were all launched on Myspace as widgets providing additional functionality to the site Other sites created layouts to personalize the site and made hundreds of thousands of dollars for its owners most of whom were in their late teens and early twenties 114 115 In November 2008 MySpace announced that user uploaded content infringing on copyrights held by MTV and its subsidiary networks would be redistributed with advertisements to generate revenue for the companies 116 Acquisition of Imeem Edit On November 18 2009 MySpace Music acquired Imeem for less than 1 million 117 MySpace stated that they would be transitioning Imeem s users and migrating their playlists over to MySpace Music On January 15 2010 MySpace began restoring Imeem playlists 118 Mobile application EditAlong with its website redesign Myspace also completely redesigned their mobile application The redesigned app on the Apple App Store was released in June 2013 The app features a tool for users to create and edit gif images and post them to their Myspace stream The app also allows users to stream available live streams of concerts New users are able to join Myspace from the app by signing in with Facebook or Twitter or by signing up with email Availability Edit Location Size Available Price Version Device requirement Last updateApp Store 15 6 MB No Free 3 6 2 iOS 6 1 or greater February 8 2014Google Play 16 MB No Free 3 1 0 Android 4 1 or greater April 17 2015The Myspace mobile app is no longer available on the Google Play Store or the Apple App Store The mobile web app can be accessed by visiting Myspace com from a mobile device Radio Edit The app allows users to play Myspace radio channels from the device Users can select from genre stations featured stations and user or artist stations A user can build their own station by connecting and listening to songs on Myspace s desktop website The user is given six skips per station See also EditMain category Myspace Greater Los Angeles portal Companies portal Internet portalChristou v Beatport LLC a US federal district court case which held that Myspace profiles could be held as trade secrets Criticism of Myspace Doe v MySpace Inc a court case that held that Myspace was immune from liability resulting from a sexual assault of a minor gOS 2 9 Space Linux distribution geared toward Myspace users see gOS operating system List of Internet phenomena List of social networking websites MySpace angle a photographic style associated to MySpace profile pictures Myspace IM The MySpace Movie MySpace Records Social software SodaHead com SpaceHey a Myspace revival Vine service Web 2 0 Suicide MachineReferences Edit Myspace stats expanding ramblings October 6 2013 Archived from the original on December 24 2018 Retrieved December 24 2018 Molloy Fran March 27 2008 Internet connectivity Science Features ABC Science Abc net au Archived from the original on November 26 2020 Retrieved October 19 2012 Cashmore Pete September 13 2006 MySpace We ll Crush YouTube Mashable Archived from the original on August 4 2020 Retrieved May 25 2020 MySpace is a big gaming platform but it hopes to be more of one VentureBeat July 24 2009 Archived from the original on September 21 2020 Retrieved October 19 2012 a b The rise and fall of MySpace Financial Times Financial Times December 4 2009 Archived from the original on November 11 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Retrieved December 12 2009 MySpace Replaces Storage with Solid State Drive Technology in 150 Standard Load Servers InfoQ com December 12 2009 Archived from the original on June 16 2010 Retrieved December 12 2009 Is Myspace free MySpace com Archived from the original on August 22 2008 Retrieved March 11 2008 Story Louise and comScore March 10 2008 They Know More Than You Think JPEG The New York Times Archived from the original on January 9 2018 Retrieved February 22 2017 in Story Louise March 10 2008 To Aim Ads Web Is Keeping Closer Eye on You The New York Times Archived from the original on November 26 2020 Retrieved March 9 2008 Google signs 900m News Corp deal BBC News August 7 2006 Archived from the original on January 15 2009 Retrieved September 9 2006 Vance Ashlee August 7 2006 Google pays 900m to monetise children via MySpace The Register Archived from the original on August 24 2006 Retrieved September 9 2006 Clark Andrew August 8 2006 Google to pay 900m for Myspace link up London Guardian Unlimited Business Archived from the original on October 10 2007 Retrieved September 9 2006 Rosmarin Rachel October 4 2006 The Myspace Economy Forbes Archived from the original on August 4 2020 Retrieved October 4 2006 Graham Jefferson August 14 2006 Google search ads find momentum USA Today Archived from the original on August 20 2006 Retrieved August 14 2006 Wallenstein Andrew November 3 2008 Reuters MySpace MTV test piracy profit plan Wallenstein Andrew Nov 3 2008 Reuters Archived from the original on December 14 2020 Retrieved July 24 2010 Myspace Music Completes Acquisition of Imeem TechCrunch December 8 2009 Archived from the original on August 11 2020 Retrieved October 16 2017 Rosoff Matt January 16 2010 MySpace restores Imeem playlists CNET Archived from the original on June 11 2020 Retrieved July 24 2010 Further reading EditAngwin Julia 2009 Stealing MySpace The Battle to Control the Most Popular Website in America New York Random House ISBN 978 1 4000 6694 0 Davis Donald Carrington May 2010 Myspace Isn t Your Space Expanding the Fair Credit Reporting Act to Ensure Accountability and Fairness in Employer Searches of Online Social Networking Services Kan J L amp Pub Pol y 16 237 doi 10 2139 ssrn 1601471 S2CID 166271279 Dodero Camille You and your tech chic As of 2006 new media isn t just for geeks anymore Boston Phoenix December 20 2006 Tapscott Don and Anthony D Williams 2007 Wikinomics How Mass Collaboration Changes Everything New York Penguin External links Edit Wikimedia Commons has media related to Myspace Official website Retrieved from https en wikipedia org w index php title Myspace amp oldid 1150997836, wikipedia, wiki, book, books, library,

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