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A social networking web site based in Beverly Hills, California, USA.
MyspaceA social networking site that focuses on music, movies, celebrities and games. It enables members to create a blog, share music, videos and photos and communicate via instant messaging and email.
MySpace Was the Facebook of the Past
Founded in 2003 by Tom Anderson and Chris DeWolfe, it very quickly became the major social networking site on the Web. In 2005, it was acquired by News Corporation for more than a half billion dollars. Although it was the most visited site on the Web in 2006, within a couple years, MySpace was overtaken by Facebook and continued to decline. By mid-2011, the site had lost about 80% of its unique visitors, and the organization was sold to Specific Media for a fraction of the price paid by News Corp.
A New Focus on Music
Specific Media acquired the site in order to target it for music and entertainment. With the capital "S" dropped in its name (MySpace to Myspace), it is a venue that encourages musicians to upload their music and communicate with fans. The forums were dropped, but the sharing aspects were continued. See social networking site.