Is MySpace already becoming yesterday's news? The New York Times this weekend became the latest to weigh in with that assessment.
If it's true, no one should be surprised. Even Blogma pointed out that such communities have always had limited shelf lives, going back to the early days of AOL, Geocities and, more recently, Friendster.
This is not to say, of course, that News Corp. necessarily wasted the entire $580 million it paid for MySpace. It just underscores the inherent risk of investing in anything that relies on the enduring loyalty of teenagers. If anything, it can be (… Read more