The Heavy Chef Project

This makes for some pretty impressive reading, especially considering that the two guys who started MySpace, Chris de Wolfe and Tom Anderson, opened the company doors in October 2003 as a place for them and their friends to ‘hang out’. It is now the 2nd most popular English website, and is making plenty bucks for essentially a small start-up a few years ago.

• MySpace is a social networking website based in Santa Monica, California.
• MySpace offers an interactive, user-submitted network of personal profiles, friends, blogs, groups, photos, music, MP3s, and videos.
• MySpace also features an internal search engine and an internal e-mail system.
• According to Alexa Internet, it is currently in the world’s top 5 most popular English-language websites and in the top 10 most popular websites in any language.
• It is the most popular website in the United States, accounting for 4.46 percent of all Internet visits pretty huge if you consider the billions of sites out there.
• MySpace has gradually gained more popularity than similar websites such as Facebook, Bebo, Friendster, Xanga, MyYearbook, Friends Reunited, Classmates.com, and LiveJournal to achieve nearly 80 percent of visits to online social networking websites.
• It has become an increasingly influential part of contempory popular culture, especially in English-speaking nations.
• MySpace has only 300 employees and is owned by News Corporation (Ozzie Rupert Murdochs company which bought it late last year 2005), and does not disclose revenues or profits separately from the totals reported by News Corporation.
• MySpace currently reports just over 107 million accounts, with the 100 millionth account being created on August 9, 2006, reportedly attracting new registrations at the rate of 230,000 per day.

Most of the above information was plucked from Wikipedia - if you want to read more, check it out here. I’m not exactly sure how all this will make our businesses profitable, but if there’s a way, Mike and I aim to find out.