MySpace’s Self Actualization
Thursday, December 2nd, 2010
A month ago, sniffling from office germs, I sat down to watch Funny People, the 2009 Judd Apatow comedy featuring Adam Sandler and Seth Rogan. The most interesting part of the two hours I could sit through was George Simmon’s/Adam Sandler’s performance at a Myspace corporate event. This was enthralling to me because I hadn’t thought about MySpace since I shut down my profile last December.
Back in 2006, I couldn’t decide between MySpace and Facebook. MySpace was customizable and catered to music lovers. Facebook was rigid in design and seemed to focus more on relationships, whether it be with people or the things we love. Today, computers and mobile phones are saturated with more exciting choices – we tweet with Twitter, check in with Foursquare, kvetch on Yelp and, well…facebook with Facebook. Consumers make sure they’re dedicating time to managing personality extensions that are worth their while.
Take a look at interest in MySpace over the past few years:

This scathing little article, written back in October 2009, succinctly describes MySpace’s current presence. In “Social Network Failure: What Happened to MySpace? #fail,” Kyle James writes that “it will never be the same beast that claimed over 75% of the market.” Other disruptors have prevailed in the social media battleground because they continued to innovate and listen to consumers, while figuring out sustainability.
Dan Reisinger reports in his CNet blog, The Digital Home: “’We’ve been clear that MySpace is a problem,’ News Corp. President and COO Chase Carey said yesterday during [a call with analysts]. ‘The current losses are not acceptable or sustainable. Our current management did not create these losses but they know we have to address them.’” Over the past two months, MySpace rolled out a spiffy new logo and a site redesign, catered toward Gen Y, and now claims to be a “social entertainment platform.”
Is anyone even paying attention? Is there hope?



