I was reading an article over on TechCrunch about how Facebook drives 44% of the social sharing market. Which to me wasn’t much of news as we all know Facebook has been on top for quite some time now. But what made really think was looking at the graph which was also posted with the article.
MySpace is only at 9%, once the king of social networking it is now at the very bottom. What’s sadder is Twitter, a network that can’t even turn a profit is doing better than MySpace. While this doesn’t necessarily mean how many people are using these services as it is just showing how many people are sharing content, both things are pretty similar. Could MySpace been on it’s way out? Not just that but MySpace used to be in the top 5 on Alexa, easily. Now it isn’t even in the top 10, it actually manged to drop down to 17 just a few months ago. Just as a comparison EmotionalNinja.net has a had a -1,933,737 change over the past 3 months. With Alexa the negative number is good because it shows that you are getting closer to the number 1 website. I’m sure many of you have not even heard about this website, and I can manage to increase my rankings with Alexa by almost 2 million. Currently I sit at being the 201,407th most visited website. Not too bad considering how unknown I am.
Anyway before I get even more off track the point I’m trying to make is how can MySpace turn a profit when they are getting completely killed my Facebook? I know I deleted my account quite some time ago and when I tried to make one for my website it didn’t help with traffic what so ever. I would not be surprised if we saw MySpace go bust in the next year or so, especially if these trends continue. The cost of operating their servers can not be cheap at all, and with less people viewing their advertisements they can’t be increasing their revenue. Just not a good situation for MySpace at all.
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