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MySpace
From Wikipedia, the free encyclopedia

MySpace is a social networking website offering an interactive, user-submitted network of friends, personal profiles, blogs, groups, photos, music and videos. MySpace also features an internal search engine and an internal e-mail system. It is headquartered in Santa Monica, California, USA, while its parent company is headquartered in New York City. According to Alexa Internet, it is currently the world's fourth most popular English-language website, the sixth most popular website in any language,[1] and the third most popular website in the United States, though it has topped the chart on various weeks[2] (note it is possible that other websites have a greater number of unique visitors). The service has gradually gained more popularity than similar websites to achieve nearly 80 percent of visits to online social networking websites.[2] It has become an increasingly influential part of contemporary popular culture, especially in English speaking countries. The company employs 300 staff,[3] is owned by News Corporation, and does not disclose revenues or profits separately from News Corporation. With the 100 millionth account being created on August 9, 2006[4] and a news story claiming 106 million accounts on September 8, 2006,[5] the site reportedly attracts new registrations at a rate of 230,000 per day.[3]

History
The current MySpace service was founded in July 2003 by Tom Anderson (an alumnus of both the University of California, Berkeley and the University of California, Los Angeles), the current president and CEO, Chris DeWolfe (a graduate of University of Southern California's Marshall School of Business), and a small team of programmers. It was partially owned by Intermix Media, which was bought in July 2005 for US$580 million by Rupert Murdoch's News Corporation (the parent company of Fox Broadcasting and other media enterprises).[6] Of this amount, approx. US$327m has been attributed to the value of MySpace according to the financial advisor fairness opinion [2].

The corporate history of MySpace as well as the status of Tom Anderson as a MySpace founder has been a matter of some public dispute.

In January 2006, Fox announced plans to launch a UK version of MySpace in a bid to "tap into the UK music scene"[7] which they have since done (see MySpace International). They also plan to launch in China and possibly other countries.[8]