Bowing Out – MySpace Deactivates?
Monday, January 17th, 2011With Facebook’s surge in popularity, MySpace, the more established of the two seems to have slowly wilted in the shadows. It seems MySpace has become obsolete as it dramatically falls out of favour. No longer trendy, especially amongst younger audiences having a MySpace rather than a Facebook profile is regarded as a serious social faux pas.
This week rumours are circulating around the web that Facebook will shutdown on the 15th of March. However, the revelations published in weeklynews.com are false. In fact it seems that it is actually MySpace that is in danger. More panic is attached to the possibility of Facebook’s demise, which speaks volumes.
MySpace is to be sold off according to its parent company News Corp Digital Media, who hope that Yahoo will take it off their hands. Five hundred staff at MySpace are being laid off, which is just under half of the company’s total number of employees, as its Australian office closes. There has been a reported loss of 165 million dollars, in just one quarter of 2010, which demonstrates how fickle audiences can be.
MySpace’s bid to revive its popularity without competing in a race it knows it cannot win is to change its focus, renaming its company as a ‘social entertainment destination’, which has been forced to diversify its offerings, rather than just existing as another waning social networking site.
MySpace seems to have lost momentum along the way, languishing while Facebook rides a new wave of enthusiasm that has engulfed the globe. It seems that MySpace took its users for granted, standing still, while Facebook gathered pace at an alarming rate.
The audiences that once visited MySpace have abandoned it in favour of Facebook and most have bypassed it altogether. MySpace’s complacency has been their downfall, as the force of Facebook prevails.
Before MySpace had a chance to realise its position, it had lost its appeal and its competitive edge. However, MySpace continues to defend its position, with figures released, such as the creation of 3.3 million new profiles, which totals up to 70 million profiles. However, this is 430 million profiles short of Facebook’s 500 million user base. Their statement seems to be a drop in the ocean.
Social networking sites have tapped into the human propensity to want to stay connected to others, made easier by the immediacy of technology. As technology consumes more and more of existence and becomes entwined with many daily activities. Conditions such as Information Deprivation Disorder arrive, which includes withdrawal to varying degrees, occurring when we are unable to access technology as frequently as we are used to.
MySpace is certainly the more colourful of the two sites, triumphing over Facebook’s blue and white colour scheme. However, the simplicity of Facebook’s design seems to be its defining attribute, as the most recognised logo, font and colour scheme to emerge from the internet.
The design for MySpace’s new logo is a step towards revamping its image, with an inventive logo that reads ‘my’ in a Helvetica font, followed by the symbol for a space. The logo requires some effort from the viewer, which immediately engages them. The space can also be filled with user generated artwork that is revealed when the cursor hovers over an area, adding a personal touch that can be as subtle or as flamboyant as the user wants. But is it enough to attract new audience levels that will get them back on top?
It seems that MySpace is a lesson in the fragility of all business; in so much as you are never out of the woods. Being the leader of a multi-million pound industry is no guarantee of sustained success.