MySpace for Sale?

[roadbloc]

Just two days after the announcement that half of its global staff were being laid off, Myspace looks likely to be put up for sale

http://www.musicweek.com/story.asp?storycode=1043851

Parent company News Corp, which paid $560m (£358m) for Myspace in 2005, is planning a sale, a merger or a spin-off.

Bloomberg reports that CEO Mike Jones briefed employees about the plans and added that News Corp EVP of operations Jack Kennedy has been tasked with seeking out potential buyers.

If the service fails to sell, there is a possibility that it could be spun off into a “free-standing company” in which remaining staff members are offered a stake.

Bout time. MySpace has clung on by a thread for years. No doubt some company will buy it and think they can turn it round, but ultimately, MySpace is dead.

 

[Xenc]

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I'll start the bidding at $10.

 

[maflynn]

I never joined or visited myspace but from what I gather, they couldn't compete with facebook. I'm not sure what the differences were but it seems facebook won the battle

 

[LethalWolfe]

Just shows you how fickle the marketplace can be. MySpace went from top of the world to back alley in just 2-3 years.


Lethal

 

[Liquorpuki]

I never joined or visited myspace but from what I gather, they couldn't compete with facebook. I'm not sure what the differences were but it seems facebook won the battle

Facebook was cleaner and drew people in by having apps.

Myspace allowed anyone to insert code to customize their page, which means every other page was javascript hell and would crash your browser. Probably the best thing was it allowed music to be streamed. That also meant bands would spam you.

I knew Myspace was dead when they decided to focus on musicians. That made no sense to me.

 

[TSE]

I had a Myspace in 6th grade (6 years ago) when it was on top and was THE social networking site.

Honestly I think the biggest downfall wasn't Myspace itself but the community and the fact that Myspace didn't do anything about advertisers that spammed people. The community was basically targeted towards 6th graders who like to "pimp out their profile" with a bunch of useless pictures and glittery backgrounds. It was successful until my generation grew out of that and went to facebook.

 

[R94N]

I think the only reason MySpace still has any significant amount of traffic or users is because of the bands and music. I think Yahoo or AOL should buy them

 

[steve2112]

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I'll start the bidding at $10.

HA! I'm going to wait until he last second and bid $12! Take that!

 

[Apple OC]

Just shows you how fickle the marketplace can be. MySpace went from top of the world to back alley in just 2-3 years.


Lethal

IMO ... Facebook and Twitter will face the same fate one day

 

[416049]

IMO ... Facebook and Twitter will face the same fate one day

no necessarily, i don't think facebook will get into this as it's the biggest social network

 

[Tilpots]

no necessarily, i don't think facebook will get into this as it's the biggest social network

...just like myspace was...

 

[ravenvii]

IMO ... Facebook and Twitter will face the same fate one day

That'd be awesome if Facebook goes away.

But leave twitter out of this!

 

[einmusiker]

myspace really took social networking to a new level, and it revolved around music. It was a place where friends could listen to all kinds of music easily and talk about and post on each other's walls and also surf for easy booty calls.

Then facebook came along and at first only allowed certain schools to join. This aire of exclusivity attracted EVERYONE from the college and university scene. That and the fact that it didn't crash your computer the way myspace was starting to allowed facebook to quickly surpass myspace as king of social networking. From there it was just momentum.

I lived through the whole myspace to facebook changeover and honestly I don't ever see twitter surpassing facebook unless they allow for more indepth profiles with apps and pictures and music, which would basically make it another facebook/myspace. I see twitter failing in a few years time. It seems to be a place where the lifeless go to find out what kind of latte some tard celebrity is ordering IMO.

 

[roadbloc]

I don't know anyone who uses Twitter. I think it's more of a US thing.

 

[LethalWolfe]

no necessarily, i don't think facebook will get into this as it's the biggest social network

GeoCities used to be top dog too!


Lethal

 

[Apple OC]

That'd be awesome if Facebook goes away.

But leave twitter out of this!

I just watched "Trending News" on CNN ... they read people's Tweets

I rest my case ... Twitter ... no thanks

 

[steve2112]

I just watched "Trending News" on CNN ... they read people's Tweets

I rest my case ... Twitter ... no thanks

Really? Reading people's tweets?

"Wordwide Leader in News", indeed.

 

[Liquorpuki]

I don't know anyone who uses Twitter. I think it's more of a US thing.

When it came out, the only cool thing about twitter was celebrities were using it and some of their tweets were pretty entertaining. IE Shaq's twitter was nonstop your mama jokes. So you'd join just so you could read them and have a laugh.

Now that politicians are using it in an attempt to be cool, athletes get in trouble for using it, and there are people out there who do nothing but microblog all day about lame emo crap, it's reached what Malcolm Gladwell called the tipping point.

Personally I think twitter is like a snuggie - it's a lame idea that got popular through word of mouth and will disappear once the hype dies out.

 

[mrsir2009]

Damn I only brought $10.50 to this auction... I didn't know there were going to be social networks up for grabs How bout' $10.50 AND the jacket I'm wearing?!

 

[MacNut]

Twitter will last because it is a simple real time conversation. Facebook could go the way of Myspace in 10 years if something better takes it's place but the way FB is rolling it might survive. The reason Myspace died was because it didn't evolve like Facebook constantly is.

 

[R94N]

I don't know anyone who uses Twitter. I think it's more of a US thing.

I follow quite a few people from the UK. I'm also in the UK myself (obviously!)

 

[JAG77]

Yeah, myspace went to crap when they started adding a bunch of garbage to their site and in turn no one knew how to navigate anymore..
the same thing may happen to facebook if they don't start listening more to the users. There have been several controversial facebook profile changes/security changes.

Oh, and Twitter can go die. It's a waste of space.

 

[Tyler23]

I went to myspace last week for the first time in probably 3 years or so. It just looked and felt so awful, it was almost unbearable.