Myspace sees 10 million users leave within one month

Once king of the web’s social networking efforts, Myspace has seen a dramatic fall from grace over the past few years. Since Facebook opened its virtual doors to the network-savvy (gobbling up over 500 million users in the process), the former hot-spot has seen its numbers fall substantially, its employees laid off in their droves and a number of new life-preserver mergers and deals.

The result? The staggering fact that Myspace took a huge dive between January and February this year, losing 10 million unique visitors in the space of just 28 days. That 14 per cent reduction is a sign of the times, with more people than ever clearly leaving the site to sign up with the enemy.

Data from the Comscore Media Metrix table suggests that Myspace currently has around 63 million users, which is down by 50 million from February last year.

The site, owned by media mogul Rupert Murdoch, has most recently re-branded itself as an “entertainment destination” rather than a social network, given that its most successful venture now seems to be its music sub-section – credited with launching the careers of many successful UK artists.

Do you still use Myspace? Or did you long flee for the good ship Facebook? Let us know on the Gadget Helpline Twitter feed.