A video: How MySpace Lost Everything

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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