The past six months have marked a high-water mark for Facebook. The social networking platform is up to 500 million users and has been valued at as much as $50 billion. Further, one of the year’s breakout cinematic hits was The Social Network, about Facebook’s founder Mark Zuckerberg.
Compare all that to MySpace, the social networking site that will be forever tethered to Facebook in much the same way that Lou Gehrig and Wally Pipp will forever be linked. Today, in a largely unnoticed move coinciding with the Verizon-iPhone marriage announcement (by design), MySpace said it will layoff 47% of its workforce. This announcement comes on the heels of a recent rebranding of MySpace to “My_____”, a move no doubt intended to cater to the platform’s artistic and unshackled clientele.
