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As mentioned recently in our post entitled Facebook Overtakes MySpace in US Social Networking Superiority, MySpace have bucked the trend of resurgent social media sites and have actually seen widespread drops in membership and visitor numbers.
Whilst they still maintain a solid second position, the plight of the once runaway leader has never been more graphically illustrated than with today’s announcement that they will be laying off 30% of their staff.
With waning user interest comes a slump in commercial attention. Investment by the likes of Google in the past now looks unlikely to be replicated, meaning that belts have to be tightened and battle plans redrawn in order to make MySpace a viable business with aspirations in the future of social media.
The emergence of Facebook as the dominant force in the social sector has bludgeoned MySpace into decline. Something that clearly wasn’t in evidence a little over a year and a half ago when this BBC report documented the initial collaboration between Google and MySpace.
With Twitter quickly on the rise too and Facebook continuing to dominate and grow at the top, MySpace’s position appears a little perilous. Immediate concern will no doubt be focussed on consolidating second place and starting to redevelop the brand once more. Commercially it’s still viable, but the slippery slope can be hard to get off, just ask the people at Friendster.
No doubt this should serve as a warning to the whole industry; as it highlights that any company, no matter how previously dominant, is fallible. Twitter and Facebook take note.
The UK Search Awards is an exciting night for all; brimming with excitement, anticipation and pride, these awards showcase the very best in Digital Marketing. Our pride was overflowing as we watched our very own Sam Noble be honoured with the top prize of the night: UK Search Personality 2016.
The UK Search Awards are here and we’re pleased to announce that we’ve been shortlisted for three awards at this prestigious ceremony.
What an incredible year 2016 has been for us so far. We’ve celebrated turning 10 as a company, and in the last few months alone we’ve been nominated for a range of campaigns, won a bunch of awards and now we’ve been shortlisted for even more success.