Did anything in particular happen in May 2005 that made the stock start climbing instead of dropping further? Look:
MySpace has become one of the hottest properties on the Web.
Only 20 months old, it already has 14 million unique visitors a month, according to market researcher comScore Media Metrix. That makes it far and away the most popular of what are known as social-networking Web sites.
--For the full fiscal year, the company expects a
net income of about $8.2 million on revenue of $118 million.
Music is what drives Myspace. Musicians and record labels have used the site as a platform to launch new albums and tours -- seeing great success doing so.