Blog
Unique user numbers at MySpace collapse
23rd February 2011
How many students still use MySpace? This social network owned by News Corporation looks to be in terminal decline to judge by the sharp and dramatic fall off in unique users in the United States. The labour force is being cut in half and News Corp looks set to end up with huge losses from its ill-fated acquisition of MySpace - Rupert Murdoch’s News Corp bought MySpace for $580m. MySpace’s revenues have fallen sharply to less than $350m in 2010 this year, down from $470m in 2009 and way short of the $1 billion target set by Murdoch on purchasing the business.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.