Dear Myspace

Via NY Times:

MySpace, the social networking site owned by News Corporation, the media conglomerate controlled by Mr. Murdoch, said it was laying off roughly 400 employees, or nearly 30 percent of its staff. After the layoffs, MySpace will have about 1,000 workers. 

MySpace, which was acquired by News Corporation in 2005 for $580 million, was once the pre-eminent social networking site. But more recently it has lost some luster to Facebook, and at the same time has come up short of News Corporation’s financial projections.

Is the whole venture into the music industry worth it now? (Christina Milian is on Myspace Records; nuff said) Seriously, now I realize why Tom stepped down and became an adviser for you guys. I feel like anyone who was on Myspace, at or before it got really big, knew that the company could only get so big before people got tired of it, especially with the "sweet" advertising bots, sexual predators and people who took more profile pictures than showers on Myspace. It's not like I didn't have one, it's just that there are only so many times my computer can crash because of someone's seizure-inducing Myspace page. What's funny now is that Facebook is taking some of the stuff you guys didn't work with and made it better. You guys were fun while it lasted. Maybe Tom can get a Facebook now...