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Meteoric rise transforming to mass exodus and lots of dormant accounts in the space of a couple of years is what I meant. Myspace guys timed their exit well and
by corford 12y ago
Meteoric rise transforming to mass exodus and lots of dormant accounts in the space of a couple of years is what I meant. Myspace guys timed their exit well and Murdoch got left holding the baby. Just wondering if Speigel has missed the boat or if he'll manage to pull off a spectacular heist before a Myspace style user exodus starts (if, indeed, one ever does).
Though $800 million in the bank and a $15 billion valuation provides a pretty decent war chest to gobble up threatening competitors with...
- the_watcher 12y agoIn that sense, I can see it happening. Only quibble I've got is that most of the user exodus happened post-acquisition. I was an early user (in high school I dated a girl who knew Tom somehow who got me started), and what ultimately pushed me out was that after the acquisition, the site started getting plastered with ads. The smartest timing, to me, was Facebook opening up to those without .edu addresses about a year after MySpace got acquired. While we all thought Facebook was just "blue MySpace", the lack of intrusive ads was really the thing that drove my switch.
- corford 12y agoThat's really interesting. So I guess, if we try and transplant this over to Snapchat, one failure scenario would be something like: Snapchat gets acquired for an outrageous sum before user engagement plateaus, Spiegel and team ride happily off in to the sunset and the acquirer then tries to monetise the userbase with adds and other junk, triggering the start of an exodus. All we need to identify is a nascent startup to play facebook's facilitating role in the drama and the circle is complete :)
- the_watcher 12y agoIs there a disappearing messaging app that's blue?