Yes, I was very lazy last year and the post frequency was almost next to zero. Chances are pretty high that I missed out the most important news of the day(s) and would appreciate if our readers can help us reflect back on history.
If you covered an interesting story on April 24 and 25 please feel free to share with with a link back to your profile.
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MySpace is the story of yesteryears and it appears its not just the popularity that the once leading social network has lost but revenues suffer the same. The killer? Facebook obviously.The latest report puts it quite clearly that in the year to come Facebook will very easily surpass the ad revenues of its rivals in 2010.
Shock, yet another one for MySpace that is desperate to figure out a way to retain some dignity. The numbers count that Facebook will have a substantial $600 Million worth of spending from the marketers compared to $385 Million for MySpace. That’s just a over half of what Facebook is munching next year. That isn’t much surprising to me nor it should be for anyone reading this. Facebook’s traffic and user base has Sky Rocketed in the last four months to a mammoth 350 Million user mark which continues to grow at the same rate. MySpace on the other hand has no where been in news save for newer strategies been sought to boost the use of the social network.
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Is the air getting fresher with news of acquisitions and more improvements? We have had Firefox doing great in Germany, Google coming out with Goggles and now MySpace surfaces with the completion of its acquisition of iMeem. The two had been busy with the acquisition talks, etc for quite some time until today when MySpace bagged the online music service for $1 Million in cash.
While MySpace has definitely paid some price to acquire it, the benefits it will reap will be great. The major being the shift of iMeem’s 16 Million a month users to MySpace, which is in dire straits to grab any and every possible visitor out there to keep itself stable. While it is good for MySpace, things wont be too pleasant for iMeem’s employees. The key players in the workforce; Founder Dalton Caldwell, COO Aly Aydat, CTO Brian Berg and VP of sales David Wade will look over the transfer, with their primarily role being of consultants to ensure a smooth transition.
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New people continue to come joining MySpace team as the social network continues its managerial reforms. The new entrant amongst the execs is Mark Rosenbaum who takes charge as the social network’s first Chief Financial Officer. Mark previously provided advise on business and financial management to MGM apart from other key positions at Gemstar and tvguide.com. I just hope all these additions prove worth it and MySpace is able to progress further instead of remaining stagnant or worse falling even further behind Facebook.