![]() ![]() July 2005: News Corp buys Myspace for $580 million. January 2005: Myspace hits a phase of exponential growth, gaining millions and millions of members in the first half of the year. October 2004: REM posts album to Myspace, emulating thousands of smaller-name musicians who flocked to the site.ĭecember 2004: San Francisco Chronicle: "Users of Myspace could visit a profile of pop singer Hilary Duff and download three of her songs for free from a page surrounded by a marketing pitch for Secret Sparkle deodorant." ![]() June 2004: Myspace breaks one million unique visitors per month. For the first time ever, poking becomes widespread on the Ivy League campus. November 2003: Washington Post runs a story about social networking sites already asking, "Where is the money?"įebruary 2004: launches at Harvard. We've pulled together the (considerable) ups and downs of the site since its launch in August 2003:Īugust 2003: Myspace birthed from the bowels of eUniverse as Friendster clone. ![]() Widely described as a sinking ship (read more reactions at the Atlantic Wire), Myspace news hasn't always been bad. It's been more than a year since Chase Carey, the COO of News Corp., Myspace's parent company since 2005, announced that he would consider selling the network to an outside party. Once a powerful social network, Myspace laid off 47 percent of its workforce - about 500 people - yesterday in what was not the company's first round of pink slips. ![]()
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