Will Facebook Die Out Like MySpace?

Facebook is not doomed to die like MySpace.

Facebook may lose as many as 80 percent of its users by 2017, according to a new study.

Will Facebook die out?

No, Facebook isn’t going away anytime soon. Yes, Facebook may still be relevant a decade from now. But Facebook’s core social network is primarily a place to post photos and videos and comments that aren’t private and don’t disappear.

Why did MySpace die out?

Tim Arango’s article in the New York Times captured the conventional wisdom about MySpace’s precipitous decline: fickle users, culture clash and corporate calcification after News Corp. acquired MySpace, plus a failure to innovate. These explanations do not capture the fundamental reason that MySpace lost to Facebook.

Did MySpace shut down?

First off, it’s no longer called MySpace—it’s now Myspace (lowercase “s”). Down to about 200 employees, Myspace announced in November of 2013 that it would lay off 5% of its workforce. Myspace claims to have not deleted the actual content but rather just cut off access to it. Users were not amused.

When did MySpace go away?

Founded in 2003, Myspace quickly took off and was purchased by News Corp in 2005 for $580 million. By 2006, Myspace was the top social network in the country. A few years later, it would cede the position to Facebook, which opened up its site to all comers in September 2006, and would overtake Myspace in April 2008.

Is Facebook going out of business?

Mark Zuckerberg announced that Facebook will be shut down in March. Managing the site has become too stressful. You won’t be able to get them back once Facebook goes out of business.” Zuckerberg said that the decision to shut down Facebook was difficult, but that he does not think people will be upset.

From what we can now tell, Facebook engagement time, the time a user spends on Facebook, has been declining and will continue to decline well into 2020.