It is a social networking website with an interactive, user-submitted network of friends, personal profiles, blogs, groups, photos, music, and videos for teenagers and adults internationally. Its headquarters are in Beverly Hills, California, USA, where it shares an office building with its immediate owner, Fox Interactive Media; which is owned by News Corporation, which has its headquarters in New York City.
In June 2006, MySpace was the most popular social networking site in the United States.
According to comScore, MySpace was overtaken internationally by main competitor Facebook in April 2008, based on monthly unique visitors.
The company employs 300 staff and does not disclose revenues or profits separately from News Corporation. The 100 millionth account was created on August 6, 2006 in the Netherlands and the site counted approximately 106 million accounts on September 8, 2006,. MySpace.com attracts 230,000 new users per day.
Read the rest of this article here