MySpace is slashing two thirds of its international workforce and bringing the axe down on at least four of of its international offices. The cuts will mean its international workforce dropping from 450 to 150 people. The global bloodletting comes a week after the Rupert Murdoch-owned social networking site said it would dump …
Charge for MySpace?
Aren't the majority of MySpace users in their teens, and therefore have little income to be spending on a social networking site when they could use Facebook for free?
I thought it said "MySpace squeezes out two turds..."
Re: Charge for MySpace?
That's precisely the point, that it is not a viable business plan. Facebook will encounter the same reality, as soon as its popularity reaches critical mass and its expenses fly higher than the minuscule income from advertisers.
Charging for access on the internet.
Yeah, that'll work. Assuming those sites are hawking porn that's somehow perceived as better than what's available for free. Otherwise, I suspect charging for content will just drive the masses elsewhere even faster. The killer app, after all, seems to have turned out to be "stuff for free," much to the corporations' annoyance...
Actually bashing the pay model is nonsense. I happily pay an annual subscription to flickr to host, manage & share my photos. Saying free or ad suported is the only way is clearly nonsense.
What do they do?
Surely they dont need THAT many staff in the first place?
The website looks like its not been updated since 1908 anyway.
"Myspace is in your contracting network"
It seems to me that Web2.0's main achievement has been to drastically condense the time it takes to go from Next Big Thing to Short-term Nostalgia TV Show Fodder
looks like Web 2.0 is finally collapsing in upon itself, only a matter of time when stupidity and egos finally reach critical-mass
exactly what i was going to say
i think the reality is that the main reason why it's not making money is because they are trying to run some large company with thousands of staff in dozens of offices around the world, to do what? fill in paperwork required to set up and run offices??
it's a bloddy website! you have your hosting costs, then you need a handful of staff at most to handle maintenance/upgrades, PR and marketing
you certainly can make money from free websites and ad revenue, but not if you think the goal of a company is to spend money hiring more staff and then spending even more money setting up offices all over the world for them to work in!