Myspace

Definition

MySpace was a popular networking website that was used to socialise among friends. It was the first of its kind because it allowed users to upload music and a profile picture as well as having a view counter for whoever views their page.
This feature was particularly good and useful for independent artists and musicians who are trying to get exposure or record deals.

Downturn

When Facebook was created MySpace saw a huge decline in users, now this could be because Facebook offered more to their users in regards to interactivity which MySpace did not at the time.
Since then MySpace have tried to reinvent themselves with the help of singer/actor Justin Timberlake who has reportedly bought part of MySpace. This move can only be assume to rival other social websites such as Facebook and Twitter.

References

http://techcrunch.com/2011/06/29/hes-bringing-myspace-back-justin-timberlake-takes-a-stake/

http://citeseer.ist.psu.edu/viewdoc/summary?doi=10.1.1.148.9388

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