MySpace is set to relauch - again - as a music hub.
The newly appointed senior VP-global marketing Al Dejewski compared the website to a young adult male, who was expressing himself through music but became distracted by classified ads and horoscopes along the way.
Many observers say the social network died when Rupert Murdoch bought it for $580 million in 2005. The public perception of the site, and its declining traffic, led to its sale this year for a relatively small $35 million to Specific Media and personal investors including Justin Timberlake.
Despite the supposed decline in its popularity, MySpace claims it has "over 70 million active users globally on a monthly basis, and in the U.S. It’s in the 30 to 40 million range right now."
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