Tuesday, November 15, 2005

Users Crowd into MySpace - Businessweek

"When News Corp. (NWS ) announced in July that it would buy MySpace for $580 million, some observers wondered whether the media giant would kill the Internet site's phenomenal popularity (see BW Online, 08/16/05, 'The Birth of Murdoch.com'). But MySpace founders Chris DeWolfe and Tom Anderson say the social-networking pioneer is growing even faster than before.

MySpace has been adding about 150,000 new users a day during the first half of November, up from about 100,000 a day last summer, CEO DeWolfe said, citing internal reports. 'The growth rate is amazing,' he notes (see BW Online, 11/14/05, 'MySpace Growing Even Faster Since Acquisition').

UP TO NO. 4. The site's growth in visitor numbers, which had leveled off during the summer, has picked up again. In October, MySpace logged 24.2 million unique users, up 12% from 21.6 million in September, according to a new report from researcher comScore Networks. A copy of the report, which is scheduled to be released officially to the public later this month, was provided to BusinessWeek Online. The number of unique visitors was roughly flat at 21 million in July, August, and September. "

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