The Wall Street Journal is reporting this week that MySpace may cut its workforce by as much as 50% this month.
For many of us MySpace was our first Web 2.0 social network. I started on MySpace in late 2003. It was huge, fun and almost indispensible. A great place to find people and music. Even business. It was said that new bands couldn’t get a club booking if they didn’t have at least 5 thousand in their friends network.
It seems a shame that MySpace is losing money, shrinking in traffic and may be laying off half of its staff this month. But MySpace, once it was owned by News Corp., seemed to often stumble while Facebook, Twitter, Google and others innovated, grew. Still, I hope MySpace does not go the way of GeoCities (remember the neighborhoods?) or slide into relative obscurity like the also once huge Friendster.








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