Amazingly, MySpace’s Decline Is Accelerating [TechCrunch]
Other than the sheer number of people that have flocked to Facebook, there's nothing that illustrates its dominance in social networking than the steep decline in traffic to MySpace. Once the dominant social networking site in terms of members and overall traffic, MySpace traffic declined nearly 15 percent from January to February of this year according to a report from net metrics firm Comscore.
In February, MySpace had 63 million visitors, down from 73 million in January. Since February of 2010, visitors to the site decreased 43.2 percent.
Facebook surpassed 500 million members nearly one year ago. Google estimates that MySpace has only 34 million active members.
MySpace's traffic decline appears to be accellerating according to the most recent month's worth of data. If the current monthly rate of traffic decline were to continue for the next year, it would mean the loss of more than 50 million visitors to the site each month - likely ending the site's viability.