8. Business
Model
• Myspace is designed to
give users the freedom to
express themselves
• Revenue solely from
advertisements
• No paid features
whatsoever
9. The Rise and Fall of Myspace
August
2003
Myspace Founded
by CEO Chris
DeWolfe and
Starting President
Tom Anderson
Chris DeWolfe
Rejects
Facebook Offer
of $75 Million
Februa
ry
2005
July
2005
April
2008
April
2009
News Corp.
Acquires
Myspace for
$580 Million
Facebook
Overtakes
Myspace in
Popularity
Tom Anderson
Steps Down as
President and Chris
DeWolfe is
Replaced by Owen
Van Natta
April
2009
Myspace
Acquired by
Specific Media
and Justin
Timberlake for
Approximately
$35 Million
12. What
Caused The
Downfall of
Myspace?
Users weren’t required to
use their real names and
usernames were unique.
• Dan Brown
• DanBrown
• Dan.Brown
• DanTheMan
• DanAndFans
• MyspaceDan