Published in Media & Entertainment category by MBA Skool Team
Myspace is one of the leading brands in the media & entertainment sector. Myspace SWOT analysis evaluates the brand by its strengths & weaknesses which are the internal factors along with opportunities & threats which are the external factors. Let us start the SWOT Analysis of Myspace:
Myspace can function as a platform to share videos and photos
It provides customized profile appearance to users
Available in over 15 languages globally and has over 50 million visitors
Myspace has close to 1 billion registered members on the website
Users can also play various online radio channels offering a wide variety of music
Above are the strengths in the SWOT Analysis of Myspace. The strengths of Myspace looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
Myspace lost significant market share to competing social media websites and smartphone apps
The website has been prone to data leaks and breach of privacy
These were the weaknesses in the Myspace SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
The markets devoid of internet can be tapped as future markets
To have more credible celebrity profiles to engage & attract users
Myspace can integrate with more telecom operators or similar companies
Above we covered the opportunities in Myspace SWOT Analysis. The opportunities for any brand can include prospects of future growth.
Competitors present in market can affect the business operations of Myspace
New upcoming social networking websites
Fake accounts and data leaks can lead to loss of trust of the brand
The threats in the SWOT Analysis of Myspace are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
Myspace is a social networking websites which can function as a platform to share music and videos. It also has credible celebrity accounts
Internet utilizing computer users
Youth inclined towards internet usage and Business advertisers
Myspace is positioned as an efficient social networking website to stay connected with friends and share videos and photos
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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