Myspace stylized My____ and previously MySpace, is a social networking website. Its headquarters are in Beverly Hills, California. where it shares an office building with its immediate owner, News Corp. Digital Media, owned by News Corporation.
Myspace became the most popular social networking site in the United States in June 2006, a position that it held throughout 2007 until 2008.
However by April 2008, according to comScore, Myspace was overtaken internationally by its main competitor, Facebook, based on monthly unique visitors. Since then MySpace has declined steadily and parent News Corp. has attempted to sell it. Quantcast estimates MySpace's monthly U.S. unique visitors at 19.7 million as of May 2011. The site ranking of Myspace as of June 2011 was 80,as opposed to the number 2 position held by Facebook.
Myspace employs 1,000 employees, after laying off 30% of its workforce in June 2009;the company does not disclose revenues or profits separately from News Corporation.
Myspace became the most popular social networking site in the United States in June 2006, a position that it held throughout 2007 until 2008.
However by April 2008, according to comScore, Myspace was overtaken internationally by its main competitor, Facebook, based on monthly unique visitors. Since then MySpace has declined steadily and parent News Corp. has attempted to sell it. Quantcast estimates MySpace's monthly U.S. unique visitors at 19.7 million as of May 2011. The site ranking of Myspace as of June 2011 was 80,as opposed to the number 2 position held by Facebook.
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