Myspace, the social network that surpassed Google as the most visited website in the United States in June 2006 has risen up once again.From 2005 until early 2008 Myspace was the dominant social-networking site but the rise of Facebook lowered the popularity of the site.According to the company, Myspace added 1 million new users over the past month.
"The numbers tell an amazing story of strong momentum and dramatic change for Myspace," said Tim Vanderhook, CEO of Myspace. "And the 1 million-plus new user accounts we've seen in the last 30 days validates our approach."
A team of investors bought out Myspace in June for the fire-sale price of $35 million. Rupert Murdoch's News Corp. paid (many would say overpaid) $580 million for it in 2005.
The new owners, most notably pop star/actor Timberlake, have effectively stopped trying to compete with Facebook and other social sites, instead focusing on Myspace's superior platform for posting and listening to music.
Monday's release from Specific Media credited the site's new music player, with access to more than 42 million songs, as offering the Web's biggest collection of free music.
By comparison, Internet darling Spotify, which launched in the United States in July, was claiming 15 million songs at that time.
"Myspace is building meaningful social entertainment experience around content, where consumers can share and discover the music they love," Vanderhook said. "Consumers are getting excited about Myspace again -- a testament to a great music product."
The new Myspace player offers unlimited, on-demand listening to both established and unsigned artists, personalized radio modes, a recommendation engine and easy integration with Facebook.
Obviously, it remains to be seen whether the resurgence (which has amounted to roughly 40,000 new sign-ups a day) will continue. But with Spotify beginning to limit the number of songs users with free accounts can play, it seems possible there could be space for a new online music player serving up similar content for free.
Well, there competition in the social network arena is high considering the fact one can still post and listen to music in the other social networks.Let us wait and see what Myspace can offer.
Written by thecodewhiz
Thecodewhiz is a tech savvy internet enthusiast,Designer,ICT Support Specialist, amatuer Dj and Photographer who loves sharing information.Find Technology tips and tricks and more here...
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