Myspace, a pioneering social networking site, was launched in August 2003 by a small team led by Tom Anderson and Chris DeWolfe. Initially conceptualized as a platform for friends to connect and share music, it quickly evolved into a global phenomenon, setting the stage for the social media revolution.

The site’s meteoric rise to fame can be attributed to its innovative features and user-friendly interface. Myspace allowed users to create personalized profiles, upload photos, and share music and videos, fostering a sense of individuality and self-expression that resonated with millions. Its popularity skyrocketed in the mid-2000s, becoming the most visited social networking site in the world by 2006, with a user base that included high-profile celebrities and musicians.

Myspace’s Current Net Worth (2025)

As of 2025, Myspace’s current net worth is approximately $50 million. This figure is a significant decrease from its peak valuation in 2008, when it was acquired by Specific Media for $35 million. Despite its decline in popularity as a social networking site, Myspace continues to generate revenue through its music and entertainment platforms.

Myspace’s Career

Founded in 2003, Myspace quickly became the leading social networking site, surpassing Friendster in popularity. At its peak in 2008, it had over 100 million monthly active users. However, with the rise of Facebook, Myspace’s user base declined significantly. In 2011, News Corp sold Myspace to Specific Media, and in 2016, Time Inc. acquired it. Today, Myspace focuses on music and entertainment, partnering with artists and labels to promote their content.

Other Ventures

In recent years, Myspace has expanded its offerings beyond social networking. It has launched a music streaming service, Myspace Music, which allows users to listen to and discover new music. Additionally, Myspace has ventured into the world of virtual reality, creating a VR platform for artists to connect with fans. These ventures have helped Myspace diversify its revenue streams and maintain relevance in the digital landscape.

Assets

Myspace’s primary asset is its brand, which remains recognizable despite its decline in popularity as a social networking site. The company also owns its website and associated intellectual property, as well as its user base, which still numbers in the millions. Myspace’s partnerships with artists and labels also constitute valuable assets, as they generate revenue and help maintain the platform’s relevance in the music industry.

Annual Income

Myspace’s annual income has fluctuated significantly over the years. At its peak, the company generated over $800 million in annual revenue. However, following its decline in popularity and subsequent acquisitions, its annual income has dropped significantly. As of 2025, Myspace’s annual income is estimated to be around $50 million, primarily generated through its music and entertainment platforms.

Frequently Asked Questions about  Myspace

Frequently Asked Questions: Myspace Net Worth

1. What is the net worth of Myspace?

As of the latest estimates, Myspace’s net worth is approximately $0.

2. Who is the current owner of Myspace?

Myspace is currently owned by Time Inc., which acquired it from Viant Technology in 2016.

3. When was Myspace launched?

Myspace was launched on August 1, 2003.

4. What was the peak user base of Myspace?

At its peak in 2008, Myspace had over 75 million monthly active users.

5. Why did Myspace decline in popularity?

Myspace’s decline can be attributed to several factors, including the rise of Facebook, lack of innovation, and privacy concerns.

6. What happened to the data of Myspace users after its decline?

In 2019, Myspace announced that it had lost all user-uploaded content from 2003 to 2015 due to a server migration issue.

7. Is Myspace still active today?

Yes, Myspace is still active today, but it has shifted its focus to music discovery and has a significantly smaller user base compared to its peak.

8. How did Myspace make money initially?

Myspace made money through advertising, premium subscriptions, and partnerships with music labels and other content providers.

9. Who were the founders of Myspace?

Myspace was founded by Tom Anderson, Chris DeWolfe, and Jon Hart.

10. What is the current purpose of Myspace?

Myspace’s current purpose is to serve as a platform for music discovery, with a focus on connecting artists with fans and providing a space for artists to share their music and connect with their audience.