10 Facts About MySpace

1.

MySpace held contests to see who could sign up the most users.

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2.

Some employees of MySpace, including DeWolfe and Berman, were able to purchase equity in the property before MySpace and its parent company eUniverse were bought.

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3.

In mid-2007, MySpace was the largest social-networking site in every European country where it had created a local presence.

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4.

Former MySpace executive suggested that the $900 million three-year advertisement deal with Google, while being a short-term cash windfall, was a handicap in the long run, as it required MySpace to place even more ads on its already heavily advertised space, which made the site slow, more difficult to use and less flexible.

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5.

In 2012, Katz described how News Corporation had put significant pressure on MySpace to "focus on near-term monetization, as opposed to thinking about long-term product strategy, " while Facebook focused user engagement over revenue.

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6.

News Corporation chairman and CEO Rupert Murdoch was said to be frustrated that MySpace never met expectations as a distribution outlet for Fox studio content and missed the US$1 billion mark in total revenues.

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7.

In 2009, MySpace implemented site redesigns as a way to get users back.

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8.

In 2009, MySpace began migrating from HDD to SSD technology in some of their servers, resulting in space and power usage savings.

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9.

In November 2008, MySpace announced that user-uploaded content infringing on copyrights held by MTV and its subsidiary networks would be redistributed with advertisements to generate revenue for the companies.

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10.

MySpace stated that they would be transitioning Imeem's users and migrating their playlists over to MySpace Music.

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