SAN FRANCISCO — Faded online social network Myspace said Monday it was getting a second wind due to the popularity of a freshly launched online music player.
More than a million new members have signed up at myspace.com in the past month, with an average of 40,000 accounts being opened daily, the service said.
“The numbers tell an amazing story of strong momentum and dramatic change for Myspace,” chief executive Tim Vanderhook said in a release. “And the one million-plus new user accounts we’ve seen in the last 30 days validates our approach.”
The pioneering online social network transformed itself into an Internet community for music lovers and makers after being eclipsed by Facebook.
“Myspace is building meaningful social entertainment experience around content, where consumers can share and discover the music they love,” Vanderhook said. “Consumers are getting excited about Myspace again.”
Myspace is vying with hot Internet music services such as Spotify, Pandora, and Rdio as people increasingly go online for entertainment content. Myspace claims the largest library of online music with about 42 million tracks.
News Corp. sold Myspace in June for $35 million, just six percent of its $580-million purchase price, to Specific Media, a digital ad-targeting platform.
News Corp’s purchase of Myspace in 2005 was a “huge mistake” and the social network was mismanaged “in every possible way” following the acquisition, chief executive Rupert Murdoch said at a shareholders meeting late last year.
Robert Reich walks through all the ways Trump is selling America to foreign powers for his own personal profit
Notorious class warrior Robert Reich wrote a sharp attack of President Donald Trump for his international policies that are doing nothing more than scoring him personal cash and power.
Writing for The Guardian, Reich called Trump "the most xenophobic and isolationist American president in modern history," saying that the president has been "selling America to foreign powers for his own personal benefit."
While Trump promised during the 2016 election that he would "bring troops home," it was likely assumed that Trump meant the decades-long wars in Iraq and Afghanistan. The work on the ground in Syria was mostly being done by Kurdish allies and not American soldiers. The number of troops on the ground in Syria, prior to Turkey beginning their bombing campaign, was relatively low.
Fox News staff warns of an ‘exodus’ as consequence of Shep Smith resignation
Fox Newsman Shep Smith had been working on splitting from Fox News for some time, according to a statement he released Friday. That moment finally came this week when he unexpectedly announced he was leaving the network.
As CNN reported Smith's departure is only the beginning.
"It feels like death in the news division," said one senior Fox employee. The source explained that many staffers were "shocked" at the news, and some were crying. "At least we had him."
Trump tweets the same thing about trade in China he said about Mexico 4 months ago — it was false then
On June 8, 2019, President Donald Trump tweeted, in all capital letters, that "Mexico was now purchasing large quantities of U.S. agricultural" product, but Mexico claimed it had no idea what he was talking about. Sunday, Trump tweeted the exact same phrase, talking about China.
As CNBC reporter Carl Quintanilla pointed out, Trump announced with gusto:
"MEXICO HAS AGREED TO IMMEDIATELY BEGIN BUYING LARGE QUANTITIES OF AGRICULTURAL PRODUCT FROM OUR GREAT PATRIOT FARMERS!"