I was never apart of MySpace but a short search I did shows it might be making a comeback. At one point it was the leading Social Media network. It renamed itself to Myspace with a small s instead of S for some reason. The downfall came in part because Facebook with a more user friendly layout was on the rise and because the owners who bought MySpace added adds to the site. In an odd twist years later Facebook has done the same ( placed adds on its site ) and its hold on the social media networks is strong.
MySpace sold for $580 million in 2007 by 2013it was valued at $12 Billion. 2011 came around and it once again sold but this time for much less ... 35 million.
Current ownership of Myspace belongs to Specific Media LLC and pop music singer and actor Justin Timberlake.