Tag: myspace
The recession caught them by surprise I guess.
by schwim on Jun.16, 2009, under Miscellaneous
If they hadn’t been too busy networking with pedophiles and 15 year old emos, Myspace Inc. might have noticed that we were in the midst of a recession and acted accordingly. Instead, they canned one third of their employees. Their stated reason? They wanted to get back to their roots”. It’s well known that Facebook was kicking their ass for some time. In reality, their resource stretching in an attempt to get back some real estate bit them in the ass.
I can see why Facebook took the lead in social networking, with incredibly hot promotional gimmicks like the “name grab” they had recently that went over like a lead balloon with anchors tied to it.
Well, at least we still have Twitter, although we almost lost it. Hehe, not really. But they did get some free advertising out of it, which is good.
