MySpace is a social network service website focusing on music. The website owner is Specific Media LLC. It was launched in August 2003 and is headquartered in Beverly Hills, California. In June 2012, it had 25 million unique visitors. In July 2005, it was acquired by News Corporation for $580 million.
From 2005 to early 2008, Juyou.com was the world’s most viewed social networking site, and in June 2006 it surpassed Google to become the most visited site in the United States. In April 2008, it was surpassed by Facebook. In fiscal 2008, its turnover was US$800 million. Since then, the number of users has steadily declined. As of February 2013, it is ranked 133th in the world and 220th in the United States.
In June 2009, Juyou.com had 1,600 employees. Since then, the company has experienced several rounds of layoffs, and in June 2011, it laid off about 200 employees. In June 2011, Specific Media Group and Justin acquired the site for $35 million.
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