Is MySpace Passe?
February 4, 2010 at 2:59 PM (PT)
Once the titan of Internet music and social networks, MYSPACE is running in the red. According to ADOTAS.COM, MYSPACE lost $32 million in the most recent quarter, with the caveat that all the financial nuts-and-bolts have yet to be fully digested. The site has been suffering from a decline in traffic, advertising and search revenue.
Furthermore, MYSPACE is projected to decline 21% in 2010.