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myspace loses 10 million users in a month

myspace loses 10 million users in a monthfrom telegraph: MySpace lost 10 million unique users in one month at the start of the year, according to new figures. The steep decline follows a further round of major redundancies at the start of 2011 and the continued growth of Facebook, which now has 30 million registered users in the UK. According to the latest comScore figures, MySpace lost 10 million unique users between January and February of this year, going form 73 million to 63 million in a matter of four weeks. This time last year, when site began the first in a series of major relaunches, MySpace attracted 95 million unique users. Parent company News Corporation is reportedly still trying to sell off the ailing social network – which had hopes to reinvent itself through its streaming service, MySpace Music and its renewed focus on entertainment content. At the start of the year Mike Jones, MySpace’s chief executive announced that the company was making 500 staff members redundant and slashing its international operation to a skeleton staff.

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