Tech Report: MySpace Making A Comeback
(KCBS) – Many people wrote off MySpace after it lost users to both Facebook and Twitter. But the website is beginning to make a comeback.
KCBS Technology Analyst Larry Magid said the site's comeback is based heavily on music.
"Music is mostly behind it. The website is all about music. I see pictures of Adele and Whitney Houston," said Magid. "It is just a tremendous music-centric site. It was always a bit about music. Now it's all about music."
KCBS Technology Analyst Larry Magid:
Magid said there's a music player on the website, where users can listen to songs, as well as stream and share musical tastes with their friends.
Instead of being rivals, Magid said that MySpace and Facebook are now seen by many as partners.
"There's a MySpace app on Facebook, and I logged into MySpace using my Facebook account. I think MySpace realized that they can't compete with Facebook," he said. "Understanding that, they had to understand who are we and what are we. And what they are is a music-entertainment hub."
MySpace also has a deal in place with Panasonic, streaming content to Panasonic televisions in the near future.
You can hear Larry Magid's Tech Report Monday through Friday at 3:50pm on KCBS All News 740AM and 106.9FM.
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