Thursday, November 04, 2010

MySpace is dying

Who Cares?

I have had a MySpace account for several years, but it has been over a year since I even bothered to log into the site. I did today and found absolutely nothing of value there. The homepage is a morass of adverts hawking movies and services in which I have absolutely no interest. Admittedly, these comments are skewed by my own perceptions and expectations, but it seems I am not alone.

News Corp. COO Chase Carey has put executives at MySpace on notice: Get the social network business fixed fast, or else.

"We've been clear that MySpace is a problem," Carey told Wall Street analysts in an earnings call. "The current losses are not acceptable or sustainable."

Full article and commentary is here

No comments: