Honestly, I didn’t think they were that relevant anymore. The new media/web 2.0 people have to realize that things are constantly evolving, and building a company around something like MySpace is a bad strategy for longevity. I’m not quite the demographic for the site anymore, but to the best of my knowledge, the main reason to go there is to look at bands’ pages.
http://www.nytimes.com/2009/06/17/technology/companies/17myspace.html?hpw
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