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International Business Times
International Business Times

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

MySpace CNBC Facebook Pew Research Center TikTok
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.

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