Myspace Faces Competition
Can wanna-bee's in the social networking world stay afloat?
Angela Perez
Issue date: 3/22/07 Section: Opinion
MySpace. It isn't just a word, nor is it just a website anymore. It is a way for people to connect and keep in touch with others from anywhere they may travel, while making a personal statement with the best looking, most intimate page on the internet.
With over 100 million active accounts, MySpace, founded by CEO Tom Anderson, is an internet phenomenon. The world's fifth most popular English-language website and the third most popular website in the United States, attracting new registrations at a rate of 230,000 per day, MySpace was bought in 2005 for $580 million by media mogul Rupert Murdoch's News Corporation, the parent company of Fox Broadcasting and other media enterprises.
But a host of MySpace knockoffs are fighting for a piece of the social networking jungle, poised to hook the loyalty of new or disgruntled MySpace users.
MySpace's biggest rival, Facebook.com is very similar but without the hype surrounding it. College students looking for sites to connect with other students from their school can navigate to schoolster.com, campushook.com, and the newly launched CollegeHotList.com, which promises to be the most comprehensive and innovative site designed "for college students by college students."
There are niche networks for just about anything you can think of, such as sites for religious people to connect with other people from their particular denomination.
But with My Space's massive popularity, can these rival sites stay afloat?
Since it exploded onto the internet scene in 2003, MySpace has become one of the fastest growing trends this generation has ever created. It hasn't been a quiet trend either, stirring up controversy everywhere from the news to everyday discussions among people.
Despite criticism, people around the world still flock to MySpace to create their multimedia profiles, making it the sixth most popular website in any language. It's fun, convenient and user-friendly. It seems just about everyone has a MySpace profile.
With over 100 million active accounts, MySpace, founded by CEO Tom Anderson, is an internet phenomenon. The world's fifth most popular English-language website and the third most popular website in the United States, attracting new registrations at a rate of 230,000 per day, MySpace was bought in 2005 for $580 million by media mogul Rupert Murdoch's News Corporation, the parent company of Fox Broadcasting and other media enterprises.
But a host of MySpace knockoffs are fighting for a piece of the social networking jungle, poised to hook the loyalty of new or disgruntled MySpace users.
MySpace's biggest rival, Facebook.com is very similar but without the hype surrounding it. College students looking for sites to connect with other students from their school can navigate to schoolster.com, campushook.com, and the newly launched CollegeHotList.com, which promises to be the most comprehensive and innovative site designed "for college students by college students."
There are niche networks for just about anything you can think of, such as sites for religious people to connect with other people from their particular denomination.
But with My Space's massive popularity, can these rival sites stay afloat?
Since it exploded onto the internet scene in 2003, MySpace has become one of the fastest growing trends this generation has ever created. It hasn't been a quiet trend either, stirring up controversy everywhere from the news to everyday discussions among people.
Despite criticism, people around the world still flock to MySpace to create their multimedia profiles, making it the sixth most popular website in any language. It's fun, convenient and user-friendly. It seems just about everyone has a MySpace profile.
2008 Woodie Awards
Be the first to comment on this story