Here are some major takeaways from the data:
- MySpace’s downfall is accelerating. It lost a little over a million U.S. visitors between June and July, but more than 4 million between July and August and over 5 million between last month and this month. I don’t think I have to tell you what will happen if this trend continues.
- MySpace is quickly shedding value. In fact, it’s losing hundreds of millions for its parent company, News Corp.
- Its change in leadership has not yet produced results. In fact, MySpace now has less visitors than it did in April, when it kicked out Chris DeWolfe and hired former Facebook () executive Owen Van Natta to save MySpace.