Most of all used by musicians, MySpace is a social networking service that was launched by Chris DeWolfe and Tom Anderson in August 2003. MySpace had a huge influence on pop culture and music, and played a significant role in creating successful gaming platforms.
MySpace was the most frequently visited social networking site between 2005 and 2008 ? a golden era. In June 2006, it surpassed Google as the most visited website in the United States.
Since 2008, however, the number of Myspace users has declined steadily; MySpace was overtaken by Facebook regarding the number of worldwide visitors in June 2008. The crucial change took place in the United States in May 2009. Currently, MySpace is ranked 303 by total web traffic and 223 in the United States.
The founders sold MySpace for 580 million US dollars to News Corporation in July 2005. It is a revealing fact that the current owners, the singer Justin Timberlake and the Specific Media Group purchased the site for approximately 35 million dollars in June 2011.