00:00 Myspace’s decline from most visited website to nostalgic memory
03:03 MySpace was created to improve on Friendster and launched in 2003 with a unique customizable feature
06:05 MySpace gained rapid popularity due to user-generated content and promotion of musicians, but its lack of moderation led to serious issues.
09:04 Myspace faced backlash due to cyberbullying, lack of moderation, security issues, poor infrastructure, and negative media attention.
11:52 MySpace was profitable and acquired by News Corp for $580 million
14:49 Facebook’s user-friendly experience and organized approach helped it beat out MySpace
17:38 MySpace’s slow development and failure to monetize allowed Facebook to overtake them in users and revenue.
20:36 MySpace lost its dominance due to poor decisions made by the company, despite having a huge lead on Facebook.
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