http://www.theguardian.com/technology/2011/jun/30/myspace-internet
MySpace used to be a really big deal. A few holdout radio stations still lingered on MySpace.
News Corp bailed in 2011, taking $35 million for a company that was valued at $12 Billion at its peak.
What happened?
Good question. MySpace and Facebook started out with similarities galore. Now, Facebook is public and at $79/share while MySpace fizzled. I think I remember that MySpace somehow attracted an older demographic. The youth may have approved of Facebook which left MySpace out in the cold.
Today, I looked around a bit. The people still using Myspace are strange, even by my loose standards
MySpace was already on the way out when Murdoch paid $1 billion for it. Everyone said they overpaid back then.
The funny thing is; everything people say about Facebook being around “forever” was said about MySpace…and Friendster before that.
In the movie “Sleeper” – set way in the future, Woody Allen wakes up to see a ubiquitous McDonald’s nearby. Even that may not be immortal