The Wall Street Journal had a story about MySpace founders being forced out by NewsCorp. MySpace has been a regar topic for us here at Communities Dominate and for a while it was the biggest social networking service. Today it has been passed by Facebook and YouTube in total users and finds its nearest rival Facebook larger now not only in gobal users but from March 2009 for the first time even USA based users prefer Facebook to MySpace. Worldwide Facebook is now over twice the size of MySpace with nearly 300 million users.
And its not just the user numbers. Its even more the matter of revenues and profits. The big social networking sites online (Facebook, YouTube and MySpace) are all aiming to make their money primarily through advertising. We've discussed here many times that this is a poor business model. That online internet based social networking services should learn from the pioneers and expand to mobile, and make their revenues with a converged service, like Habbo Hotel (129 million registered users) - an idea confirmed from Cyworld in South Korea to Flirtomatic in the UK. We discussed the power of mobile in generating revenues to social networking services two weeks ago.
now is facebook's time, MySpace maybe out of fashion
Posted by: taylormade rbz irons | March 02, 2012 at 07:45 AM