MySpace bounces back with 1m new users in 30 days
Obituaries written for MySpace may turn out to have been premature after the veteran social media site reported it had added an impressive 1m new users in 30 days.
The influx has seen its user base increase to 25m, fuelled by new connections between Twitter and Facebook, introduced by new owners – a group of investors which includes Justin Timberlake.
Users have also been drawn to the sites extensive music catalogue, which at 42m songs easily outstrips Spotify which carries only around 15m in the US.
Tim Vanderhook, chief executive of Myspace said: “The numbers tell an amazing story of strong momentum and dramatic change for Myspace. And the 1 million-plus new user accounts we've seen in the last 30 days validates our approach.
Myspace is building meaningful social entertainment experience around content, where consumers can share and discover the music they love.
"Consumers are getting excited about Myspace again – a testament to a great music product."
MySpace was sold by Murdoch’s News Corp in June last year for just $35m - a huge loss.