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Summary:

Less than two weeks on the job, and MySpace’s new CEO Owen Van Natta is already getting plenty of suggestions for how to “fix” the social ne…

imageLess than two weeks on the job, and MySpace’s new CEO Owen Van Natta is already getting plenty of suggestions for how to “fix” the social network. Sure, MySpace has been generating revenue for longer than some of its rivals. But it is falling out of favor with both users and potential business partners: For example, MTV’s upcoming social media-centric show will include Facebook and Twitter updates — but no MySpace interaction — and the NYT reports that unique visits to MySpace dropped by 5 million from the end of January to the end of March.

So what should Van Natta and his new team do to turn that around? One thought is that MySpace needs to embrace the fact that its user base skews much younger than some of its rivals, and cater to them. The social network has been criticized in the past for having gaudy profiles, but the freedom to add the wallpaper, icons and decoration of their choosing has been a major draw for teens. And advertisers still want to target these younger users, even though they have less disposable income: “We often consider [MySpace] when we have a product targeting that age range,

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  1. I actually like MySpace more than Facebook and I'm not sure why Facebook is so popular. MS also has a better IM feature and have no problem with the crazy backgrounds. Why is showing your personality a bad thing? MS is actually getting more like FB – more apps, etc, which are fun, but also distracting on FB. Plus, I feel that MySpace is friendlie if you're looking for friends. FB is really about people you already know.

    I'd like to see the both survive and MS and FB learning from each other.

  2. Jansen Dvorak Tuesday, May 5, 2009

    MySpace work on its open-ness? Seems like you're not paying attention. Everything on MySpace is public by default – including playlists and blogs you mention. More importantly, MySpace allows users to publish public feeds of their status and activity streams, and allowed developers to consume before Facebook did last week.

  3. Web Development Company Monday, May 25, 2009

    My Space was the original Social Networking Portal which got everyone in the race. Its good to see somebody taking charge to revive it.

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