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Facebook bet heavily on engineering talent and it's paying off. Myspace has had very few updates to its site and narrowly focused on the niches it dominated. I

by smokinn 18y ago

Facebook bet heavily on engineering talent and it's paying off. Myspace has had very few updates to its site and narrowly focused on the niches it dominated. It's now paying the price as Facebook continues to grow while Myspace stagnates. The article said that Myspace isn't done with. While they'll probably be able to stay profitable and (and therefore still around) for quite a while, unless they have a complete company culture change I doubt they'll ever be able to get back to #1 again.

jonknee 18y ago
> Facebook bet heavily on engineering talent and it's paying off. It's paying off in spades--tons more unmonetizable foreign traffic. Facebook is bleeding cash, MySpace is actually in the green. Facebook needs to start making money or they simply won't be around to celebrate "beating" MySpace.
- smokinn 18y ago
  Yeah, now it's time to start investing in marketing/sales talent!
- ardit33 18y ago
  Yes. Long term growth and profitability, vs. quick and easy returns. Myspace choose maximum return, and their userbase is leaving. I bet you facebook could turn their site into %80 adds, and make lots of money in the short term, at the prospect of loosing their customers and future growth. In early 2000, GM had the cash and the chance to invest on new and more effient cars, but they decided to go all the way in SUVs. I mean, why should have? SUVs are so much more profitable right now!?! And look at how the foreign automakers are eating their lunch. The VOLT is about 7 years late, (the insight and the prius were released almost a decade ago). And Toyota/Honda are not the bankrupts ones. Some things are simply long term business decisions. I have to bet my money on who will still be around in 5 years from now, myspace is not the one to bet. It is dying, and rightfully so.
trezor 18y ago
I'm not on facebook, but does facebook have anything similar to Myspace music? Myspace, while I'm not really a user of that service either, has its niechés which AFAIK isn't available on facebook and neither would they make much sense being there.

by smokinn 18y ago

jonknee 18y ago

> Facebook bet heavily on engineering talent and it's paying off. It's paying off in spades--tons more unmonetizable foreign traffic. Facebook is bleeding cash, MySpace is actually in the green. Facebook needs to start making money or they simply won't be around to celebrate "beating" MySpace.

smokinn 18y ago
Yeah, now it's time to start investing in marketing/sales talent!
ardit33 18y ago
Yes. Long term growth and profitability, vs. quick and easy returns. Myspace choose maximum return, and their userbase is leaving. I bet you facebook could turn their site into %80 adds, and make lots of money in the short term, at the prospect of loosing their customers and future growth. In early 2000, GM had the cash and the chance to invest on new and more effient cars, but they decided to go all the way in SUVs. I mean, why should have? SUVs are so much more profitable right now!?! And look at how the foreign automakers are eating their lunch. The VOLT is about 7 years late, (the insight and the prius were released almost a decade ago). And Toyota/Honda are not the bankrupts ones. Some things are simply long term business decisions. I have to bet my money on who will still be around in 5 years from now, myspace is not the one to bet. It is dying, and rightfully so.

trezor 18y ago

I'm not on facebook, but does facebook have anything similar to Myspace music? Myspace, while I'm not really a user of that service either, has its niechés which AFAIK isn't available on facebook and neither would they make much sense being there.