It has probably been a while since you thought about using MySpace.
What was once a super popular social media site is now lying in the dust, as other much more prominent social media sites have taken its place.
It is a natural progression, and understandable considering Myspace took one of the first places in the social media revolution, and if you are someone who was born in the 2000s, then you might not know too much about it.
Let’s take a look at the history of Myspace, and some statistics that show everything you need to know about the once-popular social media site.
Key MySpace Statistics
- MySpace was launched in 2003
- It had 15 million monthly visitors in 2016
- In 2014 it had 300 million video views
- MySpace had 14.2 million active users in 2019
- It had 150 employees in 2018
- MySpace was purchased in 2005 for $580 million
MySpace Statistics & Facts
Myspace was first launched back in 2003, but Chris DeWolfe and Tom Anderson. By 2016, it had 15 million monthly visitors, and 5.5 million of these were from America.
The number of video views on Myspace was 300 million, and this was updated back in 2014. At its peak, Myspace had 75.9 million active users, and this peak occurred back in December of 2008.
The estimated value of MySpace sits at $12 billion, and it was back in April of 2008 that it was overtaken by Facebook when it came to users.
What might surprise you however is that Myspace is still a prominent platform for artists around the world, and back in 2019, there were 14.2 million people that claimed to be artists using the platform.
In the same year, you could find 53 million songs on Myspace, and 13,000 songs were being uploaded every day.
If we’re looking at statistics around Myspace based on location, 2% of teens in France used Myspace back in 2015, and 1% of preteens.
In 2018, Myspace had 150 employees, which still might seem like a lot, until you know how many it used to have, which at its peak was 1600.
Myspace’s is current location is Los Angeles, California, and it was purchased back in 2005 by NewsCorp for $580 million. It changed hands once again and was purchased by Specific Media in 2011 for $35 million.
By January of 2011 Myspace had laid off 500 of its employees, which means that from its inception to its official downfall, there wasn’t too much time in between.
There was less than a decade between when Myspace was first seen as one of the world’s first social media platforms, and when it decided that it wasn’t viable enough to continue going as it was.
Of course, those that founded it were able to make a lot of money from being bought out by other, bigger media companies, but as the statistics show, for the most part, everyone else lost out.
It was great for what it was, but it wasn’t moving in the right direction, and there wasn’t enough hype around it to keep it going.
Obviously, how Facebook has grown has been completely different, and unfortunately, Myspace had to learn the hard way that it is extremely difficult to stay afloat once you’ve reached unmeasurable heights.
If you haven’t thought about MySpace for a while, then you definitely aren’t the only one.
The social media site first started gaining notoriety in the early 2000s, and the fact that less than 10 years later it was in the bin means that it enjoyed a series of short, sharp successes.
You can think of MySpace as the world’s social media guinea pig – nobody really knew what they were doing, so its fate was almost sealed from the start.
Nevertheless, it paved the way for more successful social media sites like Facebook and will go down in history as one of the first social sites to really capture our attention.
Perhaps if it had had its time a little later, the outcome might have been a different story.