It is a sad affair that myspace’s popularity declined. It was the original cool social network to join. Apparently Tom, it’s founder, wanted to keep things the same and had a lot of integrity which was obviously short-sighted at the time. You can not be so principled and steadfast in the online arena especially when the next big thing could be only round the corner. New features/sites are borne daily so you must be ahead of the game and be flexible.
Myspace losses quarter on quarter have increased from $136m in 2009 to $174m this year. The relaunch is trying to claw back some of this loss but if this relaunch is not a success then they will have to consider selling, but at what price?
Myspace started up in 2003 and its popularity peaked in 2007, two years after News Corp bought it, with over 100 million users. Obviously this looked like a sure thing but it was not long living.
So the new My_ site, now how the logo will appear, will be totally redesigned.
“Everything from MySpace – from the layout and design, to the colour scheme, and even our logo – has been remade to deliver the best social entertainment experiences.”
Myspace is where it started so it is your duty to at least give it a look. That’s if you can remember your log in details!