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Started By
Message
Will MySpace ever lose its monopoly?
Posted on 7/1/17 at 8:51 am
Posted on 7/1/17 at 8:51 am
Story from 2007
Is this just about the most wrong the "experts" have been? Key quotes from MySpace wiki page today:
In April 2008, Myspace was overtaken by Facebook in the number of unique worldwide visitors, and was surpassed in the number of unique U.S. visitors in May 2009
As of March 2017, Myspace was ranked 3,178 by total Web traffic, and 1,650 In the United States.
Myspace generated $800 million in revenue during the 2008 fiscal year. In June 2011, Specific Media Group and Justin Timberlake jointly purchased the company for approximately $35 million.
quote:
John Barrett of TechNewsWorld claims that MySpace is well on the way to becoming what economists call a "natural monopoly". Users have invested so much social capital in putting up data about themselves it is not worth their changing sites
quote:
But if you change social networks you not only have to move all your videos, audios, messages, photos elsewhere but you also lose your network of friends unless they migrate with you. MySpace won't make that easy. Its massive user base will help maintain its dominance, according to co-founder Chris DeWolfe. "In social networking, there is a huge advantage to have scale. You can find almost anyone on MySpace and the more time that has been invested in the site, the more locked in people are".
Is this just about the most wrong the "experts" have been? Key quotes from MySpace wiki page today:
In April 2008, Myspace was overtaken by Facebook in the number of unique worldwide visitors, and was surpassed in the number of unique U.S. visitors in May 2009
As of March 2017, Myspace was ranked 3,178 by total Web traffic, and 1,650 In the United States.
Myspace generated $800 million in revenue during the 2008 fiscal year. In June 2011, Specific Media Group and Justin Timberlake jointly purchased the company for approximately $35 million.
Posted on 7/1/17 at 8:52 am to foshizzle
Well it ain't no lie
Baby bye bye bye
Baby bye bye bye
Posted on 7/1/17 at 9:00 am to foshizzle
quote:
Is this just about the most wrong the "experts" have been?
I've worked with a VC client that is pretty good natured about their misses. They once passed on an early stage investment in a video hosting site because they didn't think it would be easy to monetize. To them, YouTube wasn't going to be a good investment.
Posted on 7/1/17 at 9:03 am to foshizzle
quote:
Is this just about the most wrong the "experts" have been?
Well, there's this...
Posted on 7/1/17 at 9:42 am to foshizzle
quote:
Eventually, Decca Records rejected the Beatles, saying "guitar groups are on the way out" and "The Beatles have no future in show business,"
Posted on 7/1/17 at 9:48 am to foshizzle
How many times did you change YOUR top 8?
Posted on 7/1/17 at 10:30 am to foshizzle
quote:
Is this just about the most wrong the "experts" have been?
Blockbuster says hello
Posted on 7/1/17 at 11:41 am to foshizzle
What's even more amazing is that a handful of people still use Photobucket.
Posted on 7/1/17 at 11:59 am to foshizzle
Feel that way about my Yahoo account that I started in the 90s. It has long not been my primary mail but still visit it once month just see if a long lost person from my travels tries to connect. Yahoo really shite the bed.
For me personally the greatest things ever are Google, YouTube and Wiki.
For me personally the greatest things ever are Google, YouTube and Wiki.
Posted on 7/1/17 at 11:59 am to foshizzle
In 2007 MySpace was already considered lame and young people were already on facebook. The experts were badly out of touch here.
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