Friday, March 25, 2011

MySpace going down

MySpace going down
MySpace is a troubled company and is sinking very quickly. According to recent reports, the social networking site witnessed a drastic decline in traffic by a whopping 10 million visitors in just one month!

From the start of this year right till now, MySpace’s web traffic has dropped by nearly 14.4 percent, from a total of 73 million users to 63 million. In addition, the traffic to this site has been halved by what it used to receive nearly a year ago. This news comes as the company’s owner is desperately trying to sell the company.

MySpace’s troubles have been reported widely and there have been rumors that the company’s owners are looking to sell the site. At the start of the year, the company began laying-off nearly half of its staff. Many different companies could be interested in MySpace. The social gaming site Zynga has been mentioned a few times. News Corp., the company that bought MySpace is steadily losing money on the site.

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