They already have things like that, silly, and they don’t even provide sustainable business models. Pandora almost went bankrupt because of the usage fees the record labels wanted them to pay. I am sure there are mobile apps for things like blip.fm and last.fm and all those other sites that do what you are talking about. It’s already a saturated market.

Over the past 2 years I have been shut down on about 20 occasions and threatened with deletion by myspace for sending friends requests. When I contacted them they said that people had been pushing the spam button on me for sending them friends requests. When you join myspace it says to check out profiles and send friends requests. How can a friends request ever be considered spam if it is what they tell you to do. I hope they get theirs and they do go out of business.

I think the problem is that the www is a rapidly evolving juggernaught that shows no signs of slowing down. Myspace got caught by surprise and offered little in the way of innovation for some time.

It looks the same as it did several years ago, still takes a long time to load some pages and just doesn’t look proffessional on many pages as custom pages have meant that the branding and usability is poor. The site has standard functionality but very often custom user pages hide this functionality. It needs a complete revamp I think – Even a name change to rid itself of any legacy. Not just My[_____] as the new logo is suggested to be. Really? Do they really think this will change around the fortunes of an aging brand?

its about time myspace got shut down. It’s garbage.

I have a facebook, tagged and myspace accounts. Let’s say that on myspace I go only once every three months, cos really nothing happens there! Is the most boring social network…

Do you want a great virus, love going to groups filled with spam and trolls. Do you want a slow loading network?
Come to Myspace, we have it ALL, it’s just like being in 6th Grade again, a network that can offer harassment, a virus, and do it in a slow way – Hey, what more could anyone ask for?
Hopefully Facebook will take note and nit let thngs get out of hand!
Goodby MySpace……and have a good death!

How can Myspace just close down. Irrespective of whether or not it’s loosing it’s market share, it still generates revenue.

It needs taking in a different direction.
Maybe look at same business model as Squidoo.

We deal with about 20 companies in our website and brick and mortar store that number has gone down to 6 companies this year 14 have gone out of business 2 of them have been around for 20 years. Look for more of this in 2011!

Remembering how popular it was to have a MySpace page not so long ago, it has been dropped liked the proverbial hot potato by most of it’s users in favour of Facebook. All these ‘social networks’ are just fads and what’s hot today is gone tomorrow, such is the fickle nature of the many who sign up for these wastes of time. Facebook boasts some 500 million users. I don’t doubt that so many have signed up but what is the real figure of how many come back and actually use the service? I would guess it is a tiny fraction of that figure. In recently attempting to create a Facebook page for my 800 long time subscribers, I added my list as requested. Facebook proudly announced that 650 of my 800 were already Facebook users and sent them requests to join my new page. How many of that 650 responded. Just 2! No not 200, not 20, just 2, the number following 1. So I continue to do my old newsletter.

I wonder who can guess how many months/years it will be before we see the same headline for Facebook and Twitter.

I signed up for a hosting service, they offered free advertising with myspace “great, was this going to bring in new revenue stream for me?” I contacted them and they said they do not cover UK advertising, I do not know if this is the case now, I attempted to do this about a year ago, financial problems build up companies and they should of tried to keep up with other companies like Facebook etc, what is the future for other companies such as Twitter?

I hope it is not the case they run into problems and wish them and there employees all the best for the future.

MySpace had a lot of potential, but the indie musicians, and I’m a musician, did the single worst thing they could do to destroy the music industry – Posted all of their songs for FREE, and MySpace promoted that policy. All they did was support the Cheap Freeloaders to allow them to go to Myspace and hear all kinds of artists music for free. Almost NO artist made over $100 a year on myspace and that’s a fact. So what good was/is it????

Some idiot music so-called Gurus were telling indie artists that “Hey, no one knows you so you have to get your Music Heard, post it free on myspace”. What a Irresponsible and Stupid suggestion. Major Label Artists get Air Play and yes, the Freeloaders can turn on the Radio and hear music free, but, the Artist gets paid through their Reporting Agency every single time one of their songs gets airplay, usually 10-15 cents a play and that can really add up given all the radio stations all over the world.

So what could MySpace have done??? Very simple, employ sound marketing policies. Allow artists to Post ‘CLIPs’ of their tracks for Previews and provide a download of their complete Tracks/Album for sale at the going rate of around 95 cents per download, like iTunes, Amazon, etc. Now Artists could then promote their music and MySpace would then be a place to ‘DISCOVER new Artists and help support them.

Why should any artist take all of their life practicing their career, pay for their equipment and recording then give it all away FREE so worthless Freeloaders can rape, pillage and plunder their life’s work? It’s insane!

Even the Freeloaders get tired of FREE Things after a while!. Give away your work and you devalue your image and your work, That’s a Fact! So there goes MySpace downfall.

Now if you look, years later, many artists are finally waking up to that and seeing all of that ‘Get Your Music Heard’ Crap just doesn’t work! So even now major label artists are posting Clips of their songs. Something that all Musician’s should have been doing a long time ago. If someone can’t hear a 30-45 second clip of a song and know if they like it or not then they have no ear for music anyway. Also, if they’re too damn cheap to pay $0.95 to help support the artist so they can continue making more music for the public enjoyment, then they aren’t Fans and deserve no respect and certainly don’t deserve to receive FREE gifts!

It’s not rocket science it’s sound business and marketing practice. So why is everyone surprised that MySpace has eroded into the ground?

There are lot of similar “bubble” projects which cannot find monetization model. Expensive shares and no real income. Maybe they should try some dropshipping ?

Isn’t the problem simply that no-one talks about MySpace anymore?
One constantly hears mention of Facebook and Twitter… but MySpace never.

This is not first or last bad move or bad acquisition by News Corp.

The chocked several other businesses as well.

They acquired MySpace when it was hit.

Then they let it go to survive on it’s own