#8 MySpace

Myspace is a social networking service with a strong music emphasis owned by Specific Media LLC and pop music singer and actor Justin Timberlake. It was founded in 2003 and was acquired by News Corporation in July 2005 for $580 million. From 2005 until early 2008, Myspace was the most visited social networking site in the world, and in June 2006 surpassed Google as the most visited website in the United States. In April 2008, Myspace was overtaken by Facebook in the number of unique worldwide visitors, and was surpassed in the number of unique U.S. visitors in May 2009. Since then, the number of Myspace users has declined steadily in spite of several redesigns. This made News Corp. to dump Myspace, less than six years after acquiring it for $580 million. In June 2011, Specific Media Group and Justin Timberlake jointly purchased the company for approximately $35 million.

The new Justin Timberlake-infused music-industry-oriented MySpace has started getting its glam back. It is not cleat yet if the New MySpace will survive the social networking giant Facebook  any better than Old MySpace, but the fact the words "MySpace" and "cool" can exist in the same sentence is already kind of a miracle.

Read Also: Microsoft To Give "Blue" Free For Existing Windows 8 Users and Indian Techie Bids $580k For 30 Minutes With Apple CEO