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I work at Myspace (but I do not speak for the company). I'm not really privy to all the information in the world here just being an engineer, but I do know that

by vnorby 16y ago

I work at Myspace (but I do not speak for the company). I'm not really privy to all the information in the world here just being an engineer, but I do know that it was really expensive to lay off everyone in January, and they've definitely reduced expenses A LOT. In the past year, we've gone through multiple reductions in size. It might not add up to the figures they're mentioning in the article (I guess more layoffs coming?), but I do think they've probably cut more than 60% off of the $250mm already. EDIT: I can also sympathize with the idea that you can run myspace with just a couple people. It would definitely require a holistic, new vision for the site though, as the current site is quite complex and has a lot of moving parts, where the knowledge of how those work is contained within separate units of the company.

vessenes 16y ago
Yes, totally interesting. Thanks for posting! I had a good chat about this today in the office; on the one hand, it's insanely daunting to imagine how you'd actually trim it down. On the other hand, myspace's social graph, especially around entertainment is arguably the only valuable thing at the company right now. As a thought experiment, I asked "What if color.com owned myspace's traffic and social graph?" My answer is that color.com would be worth much more than the $250mm TC seems to think Myspace will sell for. Of course, that's an inflammatory company to pick, but choose your own social company. What about groupon, or what if Microsoft injected myspace into the Live community somehow? All the moving parts / separate units are probably not adding much value right now, unfortunately. Since I haven't used myspace in many years I have no real domain knowledge here, though. And, I browsed it for a while today after thinking about this, and agree -- the site is huge, and complex, and as I recalled a nightmare of horrible personal design and usability. On the plus side, Bieber looked totally awesome.

by vnorby 16y ago

vessenes 16y ago

Yes, totally interesting. Thanks for posting! I had a good chat about this today in the office; on the one hand, it's insanely daunting to imagine how you'd actually trim it down. On the other hand, myspace's social graph, especially around entertainment is arguably the only valuable thing at the company right now. As a thought experiment, I asked "What if color.com owned myspace's traffic and social graph?" My answer is that color.com would be worth much more than the $250mm TC seems to think Myspace will sell for. Of course, that's an inflammatory company to pick, but choose your own social company. What about groupon, or what if Microsoft injected myspace into the Live community somehow? All the moving parts / separate units are probably not adding much value right now, unfortunately. Since I haven't used myspace in many years I have no real domain knowledge here, though. And, I browsed it for a while today after thinking about this, and agree -- the site is huge, and complex, and as I recalled a nightmare of horrible personal design and usability. On the plus side, Bieber looked totally awesome.