MySpace Hopes Nostalgia Could Fuel a Comeback. But It Got Burned In Its Last Relaunch.

Source: International Business Times

Could MySpace be the social media alternative? In a new documentary, the current owners of MySpace say they are planning yet another comeback for the once-dominant social media website. CNBC detailed that owners Tim and Chris Vanderhook, don't lay out a specific timeline for a relaunch. And they acknowledge that the last relaunch in 2013 didn't turn out well, with losses estimated at $150 million.