There are many social networking sites in the world today. In 2004, both Myspace and Facebook became known to the public. Myspace was known more for teenage usage and Facebook more for college students.
For years Myspace lead the race between the two. In 2007, after leaving Yahoo Myspace was one of the most sought after deals within the search engine market. Google became partners and providers of search advertising and functions exclusively. As part of the deal Google arranged to make payments to Fox Interactive Media totaling around 900 million dollars until 2010 and were to begin the first quarter in 2007. The deal was originally made as beneficial to both sides.
As for Facebook in 2007, they working on ways to make headway and surpass their competition. They begain advertising offerings of big cash prizes for individuals who developed apps for Facebook. This was a big deal since Myspace did not offer any of their consumers a way to make money off any of the apps that they made for their company. Another big step for their company was the investment of 240 million dollars by Microsoft, so that they could have 1.6 stake in the company. At this time, when only three years old Facebook is estimated to be worth about 15 billion dollars and with expected revenues of 150 million.
Of course there is more pertaining to the Microsoft buying stakeholder ship in Facebook, but that is for another day when we talk about search engine marketing battleing it out. Now the question that many have now, is Myspace heading toward the grave? Some experts would say yes, especially after all of the negative attention they have gotten through online sexual predators and then there are others that say no, but they are far and few between. Most say to keep your eye out of Facebook since they are the up and coming social networking place to be. It appears at this time, number speak for themselves. Facebook has become finally what they aimed for, more popular than Myspace and it seems as they continue to gain popularity, Myspace continues to dig a whole for themselves.
As a user of both, really there is no preference. However a lot of my friends have left Myspace, but at this time I'm not ready to follow, especially if there is a chance that Facebook will start to charge. As far as I'm concerned, I'm not paying for something that was free in the beginning, especially when they make more money than I'll ever see. I don't know what you think, but I would love to hear.
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