MySpace declined because Facebook offered a viable alternative at the time. Today, out of all the alternatives the most attractive to the public is Instagram, w

MySpace declined because Facebook offered a viable alternative at the time. Today, out of all the alternatives the most attractive to the public is Instagram, which is owned by Facebook Inc. Besides, just as others said the impact of bad press is not that pronounced. There's always bad press about it, and so far Facebook continues to dominate the social network market.