Comments on: How MySpace Became Socially Useless

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By: Mika Schiller

Mika Schiller — Sat, 14 Nov 2009 17:59:53 +0000

I don’t think selling digital music is profitable enough to make it worth the cost for record labels because they’re run on 20th century business models…they’re too big and bloated and have to many costs. Selling digital music can be profitable with a smaller, leaner type of company. Although I do commend MySpace for realizing that after a while, free just isn’t sustainable. The best way to make money is to charge a price for something.

By: David W. King

David W. King — Sat, 14 Nov 2009 17:29:33 +0000

Mike,
I just got word this morning that Myspecies may start to stream its music. According to sources, MySpace Music is “almost certainly” going to restrict free streaming and move to a paid model. It seems it is spending over $20 million a month in streaming royalties and this is simply not sustainable–this despite the fact that Myspecies is owned by several of the major labels.

The question now is “Would you pay for Myspace?” I think not. It is only time now before Murdoch approaches the Feds requesting a bail-out. Once too big to fail, Myspecies has become yesterday’s news.

Trends die, so will Myspace.

By: David W. King

David W. King — Fri, 13 Nov 2009 01:04:57 +0000

I sensed the downward spiral of Myspace as early as last year. By March of this year, I removed my avatar and replaced it instead with a sign which reflected my attitude to Myspace’s demise. It reads, “Sorry, We are Closed.”

I started to post my comments regarding the death of the this site elsewhere on the web. Instead of considering what I was saying, I was condemned as being loath-fully out of touch. After all, wasn’t social networking the big trend then. Is it still today?

I became more blatantly in my reasons for deserting this beached whale. Still, almost daily, I find (when I return to what was my Myspace page) someone has made a Friendship request. Or send me an invitation that I am not likely to accept. What does, “Sorry, We are Closed” mean? I wasn’t simply trying to be cute.

My first indication of this downward spiral was news that Rupert Murdoch had purchased it for $580 million. Then a complete absence of any promotional news at all regarding the site. Instead of everyone suggesting following them on Myspace, the big thing was following them on Facebook and Twitter. Facebook had quickly surpassed Myspace’s position on the web, and Twitter became the media’s darling.

Why do I still return to Myspace? I guess it’s because I am simply amazed that its beached, bleached and bloated skeleton hasn’t been given a rightful burial, or it hasn’t yet been washed out to sea. The remaining carcass is creating a tremendous smell.