MySpace was once the most popular social networking site in the world. Now, it is a shadow of its former self. But what remains are some fascinating stories about how MySpace grew to become one of the most visited websites ever and why, eventually, it fell. This article investigates the history of MySpace and various points of interest since its conception in 2003.
Before Myspace: Pre-Unveiling
MySpace began as an idea proposed by Internet entrepreneurs Chris DeWolfe and Tom Anderson in 2003 when they were offered the opportunity to partner with two others – Josh Berman and John Poisson – to purchase XDrive, an online storage company that ultimately failed. After shutting down XDrive, DeWolfe and Anderson looked for ways to use their experience with web technologies, including building a website intended to be a sort of online bulletin board for teenagers.
MySpace's Launch & Popularity
In August 2003, MySpace was formally launched as an online community. Initially marketed as a way for people to post pictures and keep in touch with friends from high school or college, by February 2005 MySpace had become the fourth most-trafficked website on the Internet according to Alexa Rankings—the first time any social network had achieved this rank—behind Yahoo!, Google, and MSN. It stayed there for more than two years until its popularity eventually dwindled
MySpace Rebrands To Become A Music Hub
By 2013 many web entrepreneurs considered MySpace “dead” after ranks dropped well below 500 due to competition from younger sites such as Facebook and Twitter. Instead of pulling away from success however, at this juncture Rupert Murdoch (owner of Fox Media) stepped in with some additional funding; aimed at rebranding MySpace into a music ownership hub that allowed indie bands sell albums directly through their account page instead of forced iTunes control.. Needless to say this probably saved Myspace’s bottom line which kept them going at least another two years before they finally closed shop in 2015 following persistent harassment of users’ accounts failed customer protection initiatives which rendered Myspace completely untrustworthy among larger populations.
Murdoch Bought The Site For $580 Million & Sell It For Just $35 Million
It's hard not feel shocked that Rupert Murdoch bought Myspace 2005 for $580 million - only for it to run aground nine years later - losing over 90% off his original investment after he sold it for just $35 million Cash infusion by former MTV Video Music Awards host Justin Timberlake (who became co-owner soon after acquisition) could never have entirely reversed MySpaces tankship fate which simply disappeared from public scenery almost overnight soon afterwards.
Conclusion & Legacy Of The Social Network
MySpaces impact will undoubtedly remain long into future affecting today widespread prevalence websites like LinkedIn & YouTube who drew off platforms innovations while avoiding numerous blunders that contributed especially towards late stages demise despite all those talented people behind unsuccessful relaunch tryouts.. Its legacy lives on perhaps mostly within mobile devices display photosharing applications where bright colors animated GIFS still dominate interface landscape much same way did over decade ago when MySpace train left station though nowadays no longer required click next profile take peak life other side digital window
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