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by etempleton
1596 days ago
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MySpace never really had a path to profitability. It was conceptually very similar, but was not as well realized. What Facebook figured out was scale. MySpace was basically unusable during peak traffic times when Facebook was first taking off around 2005-2006. I have always compared Facebook to Yahoo. It will kick around for a long time, but it isn’t really doing anything important or impressive. They know this. It is why they are hard pivoting to the metaverse. They need something new if only to win hearts and minds and wall street over until they figure something else out. |
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