Comments on: Put My Money on Myspace not Facebook

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By: Kyle Lacy

Kyle Lacy — Fri, 10 Apr 2009 20:03:22 +0000

@Jeb with Facebook Lexicon coming out.. I would agree with you on THAT is where I would put my money.. for sure.

By: Jeb

Jeb — Fri, 10 Apr 2009 12:53:34 +0000

I think Ning has the brightest future especially as they jump more on the OpenSocial bandwagon. That being said I don’t think OpenSocial is there yet, it just doesn’t cross over to the everyday user, yet. It doesn’t make sense like Facebook. People like a destination. OpenSocial makes everything a destination. That requires a different mind set. The general public isn’t there yet. Many of them are still grappling with email, really, so I see OpenSocial as the somewhat distant future in terms of widespread user adoption. It just needs to find the right way to be as “real” as Facebook is.

MySpace is a cow that will be milked until dry and then put away. Facebook is where I would put my money. But I think Ning has the best chance of swimming in the future web oceans. It’s all about a meaningful conversation and Ning’s niche approach caters to that.

By: Karl Peterson

Karl Peterson — Thu, 09 Apr 2009 17:21:09 +0000

The problem with myspace: No API. If they don’t add one, end of story. But the myspace/facebook war is moot. In the long term Facebook and Myspace will be all but dead and an open source social network like OpenSocial will win. Individuals, businesses, bands, etc. will all be able to plug into that free, open, and decentralized database, but don’t think for a second that anyone’s going to pay for it. Money will go to the services provided and built on top of that database.

Bring on the generic social networks!

By: Ian Hendry

Ian Hendry — Thu, 09 Apr 2009 15:06:01 +0000

Am I jumping to the wrong conclusions by assuming that the longer on-site time from MySpace is a function of the music content alone? A song will have to you there for 3 minutes doing nothing other than listening. Facebook users don’t have the same reason to just sit there.

Also, what draws Edmund Lee to conclude that the US audience is “the most lucrative”? Apple iTunes users in Europe pay more for online music than the US counterparts, and the US is not the biggest market — as far as potential goes, India and China has to offer much more promise, to name just two.

Ian Hendry
CEO, WeCanDo.BIZ
http://www.wecando.biz

By: Jeb

Jeb — Thu, 09 Apr 2009 13:49:03 +0000

you know, it’s weird, we just worked on a My Space page for a client yesterday. This guy has 80k followers, 14.9 million downloads and it clearly appears that his audience is teenage girls.

But when I poll my students at Franklin College every semester on whether they use My Space or Facebook NO-ONE is on My Space. These are 18 year old kids that don’t use the site at all! They are totally on Facebook.

So you aren’t using it, I’m not using it, 18 year Franklin kids aren’t using it but my client has 80k friends and almost 15 million listens!

I almost wonder if My Space is like the finance industry in a way, they have to keep up the facade of value so they are creating users and activity, etc. I just don’t get it. I don’t know anyone, besides bands, that uses My Space, but the numbers say otherwise.

The only thing I see MySpace doing well in is music, bands still have to have a presence there. Mostly since they can’t afford websites and it’s easier to get found. But otherwise it seems overrun with fake accounts, porn and prostitutes.

Also, My Space still sucks programming wise, the code is a complete mess. They might be making more money but I really doubt that it last. I think it’s the web’s version of the Titanic, about to hit and iceberg and go down. We’ll see.