They became a social media site by mistake and probably didn't have the right teams in place to build a platform like FB. Mistake is probably a harsh term. Th

They became a social media site by mistake and probably didn't have the right teams in place to build a platform like FB. Mistake is probably a harsh term. They actually started off as a file sharing site and you could mount their site as a drive on your machine. I had to register all their first domains, including mydiskspace, mylinuxspace, mywindowsspace, and many many others. I remember this because I had to use painful email forms with internic. The first few years were focused around storage optimization. There was no de-duplication and storage became really expensive. I believe this was one of the things sinking them. Eventually they wanted out and they were bought out. They went through significant business model changes and vendor changes prior to their buyout. Becoming a social media site was probably the right direction, but happened a little too late and they were dragging a bit of financial baggage.