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buy high sell low, the fantastic demise of MySpace

Ns1

Ns1

No Lifer
According to AllThingsD Specific Media has acquired Myspace from News Corp. for $35 million. Reportedly, Myspace’s CEO, Mike Jones, will remain for “an interim period,” and the social network will lay off half of its staff, or about 200 people. Myspace, which has seen a sharp decline in traffic over the years since it was acquired by News Corp in 2005 for $580 million, announced in January that it was laying off 47% of its employees. News Corp. will maintain less than a 5% stake in the company.
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wow! fire sale indeed.
 
Heh. $580M to $35M all could have been saved for what amounts to a checkbox. One checkbox in MySpace that simply disabled all the shit that people put on their myspace page and make the layout basic. As soon as users saw an environment where music didn't play automatically and there wasn't stupid backgrounds that fucked up the text layout and just general crapfest that was myspace, they abandoned ship. All for a simple user setting.
 
Shawn said:
Psh, Prodigy was better.
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Best thing to ever happen to AOL was Prodigy moving away from flat fee access to timed charges. If News Corp had half a brain they would have shut off all the cheezy graphic crap and stupid autoplaying video amd music about 30 seconds after they aquired Myspace.
 
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Myspace was a mess. It was like looking at a graffiti laden wall on public washroom stall. Just a overwhelming bunch of nonsensical garbage.
 
TwiceOver said:
Heh. $580M to $35M all could have been saved for what amounts to a checkbox. One checkbox in MySpace that simply disabled all the shit that people put on their myspace page and make the layout basic. As soon as users saw an environment where music didn't play automatically and there wasn't stupid backgrounds that fucked up the text layout and just general crapfest that was myspace, they abandoned ship. All for a simple user setting.
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I think its a bit more complicated than killing one feature but I agree that shit was super annoying.
Facebook was all around better especially for mobile users and such.
 
TwiceOver said:
Heh. $580M to $35M all could have been saved for what amounts to a checkbox. One checkbox in MySpace that simply disabled all the shit that people put on their myspace page and make the layout basic. As soon as users saw an environment where music didn't play automatically and there wasn't stupid backgrounds that fucked up the text layout and just general crapfest that was myspace, they abandoned ship. All for a simple user setting.
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Don't over look real name vs. user name.

The key to Facebook is the ability to find friends by just using their name and being able to tell who is posting what by their name.

I found an old high school friend because he became friends with another friend. In Myspace he would have been a meaningless user name.
 
HopJokey said:
MySpace's demise was primarily caused by Facebook in my opinion. What will supplant Facebook?
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Facebook is already seeing membership cancellations at all time highs, and they are growing. Facebook, like everything before it will be supplanted by something - hopefully real life.
 
I never had a problem with the music and graphics on profiles on Myspace. Maybe because my friends on there had taste and most were pretty decent to good with CSS. I never once saw flashing fonts or animated Gifs. People who complained about those things obviously had the wrong friends. Myspace's customization was it's only strong point, the fact people were friends with others who had no fucking clue how to make a nice looking layout wasn't Myspace's fault at all. Yet they still blamed Myspace, weird. On MS you NEVER heard any music or saw an ugly ass profiles that looked like a 97 Geocities page unless you clicked the link to view it.
 
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CPA said:
Facebook is already seeing membership cancellations at all time highs, and they are growing. Facebook, like everything before it will be supplanted by something - hopefully real life.
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Woot woot I read the news too!

Facebook: if they are my real friends, I know what they are doing. If they are old friends, I usually don't care what they are doing. The fact that work, school, friends, family, etc all end up added as friends, or defriended, it is either very boring because you can't joke around without pissing someone off, or you cause more drama than a guy will know what to do with.
 
I knew myspace would fail the moment I saw it. It was obnoxious. But when I see FB... and my uncle's wife is all over it... and my mom has 86 friends...

This thing is entrenched like google. It'll take its shots and competitors will come and go. But I don't see it going away.
 
Whoozyerdaddy said:
I knew myspace would fail the moment I saw it. It was obnoxious. But when I see FB... and my uncle's wife is all over it... and my mom has 86 friends...

This thing is entrenched like google. It'll take its shots and competitors will come and go. But I don't see it going away.
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It didn't fail, it just ran it's course. The fact it made people hundreds of millions of dollars means it was indeed a success. No website will last forever, even FB will die 1 day. When it finally does will you say it was a failure too? Regardless of how much more popular FB is, MS had it's run and it was a damn good one.


Craig234 said:
Best part: Murdoch losing a half billion.
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How do you figure? When he bought MS it was making boatloads of cash, he has at least 3 good years out of it, I bet he made his $580 million back plus some. He might not have made a ton of money, but selling it for $35 mil doesn't mean he lost any money. He made his initial investment back thru advertising and was able to sell a site most say is near death for 35 million. Not bad at all if you ask me.
 
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