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July 13, 2006

MySpace Moves Into #1 for All Internet Sites According to Hitwise

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Hitsite announced today that MySpace moved into #1 for all Internet sites. I wish that they gave more data on how they came up with this number. However, it is amazing that myspace is as big as it is. I’m still very interested in how myspace is going to be able to generate revenue without alienating its users. I think that will be harder than it looks. Someone suggested a craigslist or ebay type situation to generate revenue. Might work, but is probably not quite right.

One important thing to think about myspace is that I think that most of its hits are people reading people’s comments on their own site and sending replies to those comments. This is very similar to a publicly viewable email system. Who could have ever guessed that this would be so popular?

I’m interested in doing something similar to this and facebook on the high school level. I think there are a number of restrictions and legal requirements that I’d have to deal with, but I think it has a lot of potential. I guess only time will tell.

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