said Wednesday that Owen Van Natta, chief executive of the company’s
MySpace online social networking service, has stepped down.
Van Natta, a former executive at privately held rival
took the CEO job at MySpace in April of last year. MySpace has
struggled in competition with Facebook, which has added users at a
“Owen took on an incredible challenge in working to refocus and revitalize MySpace,”
“However, in talking to Owen about his priorities
both personally and professionally going forward, we both agreed that
it was best for him to step down at this time,” Miller said.
Van Natta is being replaced by co-Presidents
“We joined MySpace last April with very a specific
set of goals in mind, and are anxious to continue working together to
make those goals a reality,” Jones and Hirschhorn said in a joint
In June, MySpace announced it would fire more than
400 employees, or nearly 30 percent of its staff, in a restructuring
effort. Those cuts had been widely anticipated, as MySpace was seen
rapidly losing ground to Facebook.
Among adults, roughly 48 percent of those with a
social networking site profile have a MySpace page, according to a
According to recent data from Experian Hitwise,
MySpace dropped out of its position as the premier Internet search term
in 2009, ceding it to Facebook after three years on top.
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