5 months ago
MySpace was like a big party, and then the party moved on. Facebook has become much more of a utility and communications vehicle.
Michael J. Wolf, the former president of Viacom’s MTV Networks
(Source: The New York Times)
Clearly, MySpace lost its way. It took on too much and wasn’t focused on core strengths. We spent a lot of time this past summer right-sizing it, doing some layoffs. We have a lot of product launches in the next few months. In terms of the strategy, It’s not about going toe-to-toe with Facebook. MySpace is a content site. It’s not where we need it to be, but it’s headed in the right direction.
COO Chase Carey
