MySpace Decline Is Accelerating

techcrunch.com:

Everyone knows MySpace traffic is going the wrong way, but the accelerating decline (and big financial losses) is a serious problem. Parent company News Corp. is in the middle of a sale process, and everyone from venture firms to private equity firms to operating companies are taking a look. "It's like slowing down at the scene of an accident," says one person with knowledge of the discussions, "everyone wants to take a look at how bad things have become."

Read the whole story: techcrunch.com

Comments

[Zamato Elite]

11:23 PM on 03/25/2011

Goodbye Myspace! the absolute worst website ever devised! It really says something when you can't even compete with a piece of trash like Facebook.

But my hat is placed firmly upon my head-- because after all, this is the glorious pattern of things. I am so excited knowing Facebook is next up to the guillotine.

What site will fill the void? Let us pray it's not nearly as destructive and pointless as Facebook. Let us pray!

[Christopher Bullivant]

04:49 AM on 04/05/2011

Being several times as large as Myspace at it's peak and far, far more interconnected, Facebook has likely reached the state called "self-sustaining critical mass".

So basically, Myspace got the ball rolling, and Facebook perfected it.

[dino213aa]

04:07 PM on 03/25/2011

I left Myspace when it got annoying, allowed to much spam, and had continual performance issues. I kept having to decline friend requests from fake strippers and music no-name artists. Then going to a persons profile and have music blaring also ticked me off. I've since deleted my account.

[blurredmolly]

02:23 PM on 03/25/2011

Make you wonder if the same thing will happen to the WSJ.

[El Chingaso]

07:07 AM on 03/25/2011

R.I.P. FB -- texting is on the wall...

[Seafarer61]

01:46 AM on 03/25/2011

I could never understand any of these social sites. It's like inviting someone into the bathroom with you. MySpace, Facebook, Twitter? They'll all be tumbling weed in three years or less. Something new will come along that will "appear" to be more hip and those remaining on Facebook will the the online version of Clint Eastwood in Gran Torino.

[born 2b different]

12:42 PM on 03/25/2011

Sharing my vacation pics with my friends and family is like inviting them into the bathroom with me? I don't know what you do on your vactions but it must be much different than mine.

[Seafarer61]

01:04 AM on 03/26/2011

The reference was for those who spend countless hours on the sites letting everyone know every waking minute of their existence. The fact that my analogy was lost on you is frightening.

[DG3]

01:13 AM on 03/25/2011

MySpace goofed by letting users go overboard on customizing their pages. Horrendous wallpapers, horrendous animated graphics and god awful music. Those nasty pages will forever haunt me.

I think it's been smart of Facebook to be minimalist by comparison.

[Sunny California]

09:51 PM on 03/24/2011

Facebook isn't that far behind.

[novodia9]

07:20 PM on 03/24/2011

shocking!
not!
they were' the "blockbuster's" of online social sites,
horrible service,
blocks and bans for NO reason,
yup
they were arrogant for an online minute,
all of 15 seconds. And right now when you log on to Myspace, they won't allow you to LOG back out! It's almost a hostage situation. If I need to log out of Facebook or Youtube. Upper right hand corner. I had to GOOGLE how to log out of Myspace, and the only solution was to shut the whole computer down, and restart!

[O K Ali]

06:30 PM on 03/24/2011

My status update says "Packed up and moved to FB. If you really know me, you can find me."

[compliancepmp]

06:00 PM on 03/24/2011

More than 60 million people still visit MySpace? That's the most shocking part of the story.

[bhiggi01]

04:10 PM on 03/24/2011

Facebook wont be the far behind and also if huffington post don't fire their newright wing writers you wont be far behind my space.

[Keyop]

02:59 PM on 03/24/2011

Dont worry facebook is already jumped the shark.

[Jim8]

01:24 PM on 03/24/2011

Friendster, MySpace, then FaceBook.

http://www.theonion.com/video/cias-facebook-program-dramatically-cut-agencys-cos,19753/

[media4me]

12:13 PM on 03/24/2011

Mywho?

[nola70119]

10:24 AM on 03/24/2011

GameGuru is right. Plus, I quit MySpace because I was tired of everyone's pages locking up my computer.