Only four years ago, it was being hailed as the greatest invention of the Internet since porn. It got so big, in fact, people such as my boss and grandmother were jumping on the bandwagon (causing a disturbing clash of all the separate branches of my life).
But now it looks like Myspace.com has blew it (meaning I'm going to have to find a new place to post all those beer drinking photos and bad poetry blogs).
According to Lloyd Grove of The Daily Beast, Myspace has slashed a third of its staff, eliminated two-thirds of its international staff and closed four offices outside of the United States.
"In 2005, Rupert Murdoch was hailed as a visionary for snapping up MySpace. Today, as Facebook and Twitter fuel a historic uprising, MySpace announced its second round of layoffs in a week."
Grove goes on to say:
"Recent reports cite ominous stats showing that fast-growing Facebook, with more than 70 million monthly visitors domestically, has finally overtaken its older rival, which is coping with a shrinking user base and page views, declining revenue, and no obvious strategy to reverse a slide into the abyss."
It just goes to show you, cyberland is more fickle than a Hollywood B-list starlet on a bender. What's hot today is (in the words of my Myspace using boss) so 15 minutes ago tomorrow.
Personally, I think this is always what happens when some hipster kid comes up with a cool idea, builds it up in a grassroots effort and then it gets taken over by greedy, ignorant corporations who ruin it just by their sheer presence. The reason Myspace became so popular was because it was a community built up by young people and their similar interests.
The second you start to try and make money off that intentionally, it becomes lame (and in this case, we all move onto Facebook).
Now the only question is, WWTD?
What would Tom do?
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