New numbers from Comscore indicate the demise of MySpace is happening faster than most had expected.
Between January and February 2011, MySpace lost 14.4% of its monthly users. In raw numbers, that's a drop to 63 million from 73 million. They had twice this many users a year ago.A social network relies on the network effect. If you cannot communicate with the people you want to on a service, you won't use it, other people won't use it, and it dies. The time when MySpace stops being appealing for just about everyone could be fast approaching.
Source:
http://respectedadmins.com/blog/myspace-decline-is-accelerating/
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