Posted February 23, 2011 7:15 pm by with 4 comments

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I feel bad for MySpace. They came to us with a plan to socialize the internet. It was an easy way for everyone, from the student to the CEO to get together and share their interests, their thoughts and the ups and downs of their day. With a single click, strangers from across the world could become friends. It’s like that old Coca-Cola commercial where people of every race, creed and color stand hand-in-hand while they learn to sing in perfect harmony.

So what happened? How did MySpace go from harmony to off-key? Is it simply a case of not being the popular kid on the block anymore? Even after the recent upgrades, are they still that far off the mark?

Check out this Chart-of-the-Day from Silicon Alley Insider. It’s a cold, hard look at the end of an era.

I hear that MySpace started out as an online data storage site, thus the name. Perhaps this is a business model they should reconsider.

What do you think? Is this scenario unique to MySpace or will all social networking sites end up biting the bullet just as badly one day?