LAT's Gold jumps to Washington Post
Annual issue is out this week
The social media site, pretty much given up for dead last year when News Corp. unloaded it for a song, says it has one million new users. And monthly traffic was up in January, the first time that's happened in almost a year. But let's not get too excited, kids - traffic was still down almost a quarter from when OC-based entrepreneurs Tim and Chris Vanderhook bought the site for $35 million. From the NYT:
"We went from zero signups per day to 40,000," said Chris Vanderhook, the company's chief operating officer. Mr. Vanderhook attributes the growth to MySpace's integration with Facebook and Twitter, and the size of its music library. Since it still has full licensing deals with thousands of record labels, as well as songs from untold numbers of unsigned acts, MySpace has a library of 42 million tracks, several times more than Spotify or Rhapsody.
MySpace's new owners don't want to compete with Facebook. The new strategy is to provide music that can be shared through other networks..