image thumb19 MySpace Ashamed: The once giant, cant live up to News Corps expectations

Facebook continues to grow but there is something wrong big time with MySpace. Not only is it lagging behind Facebook but the social network is doing so bad with its traffic that it might actually cost News Corp $100 Million. The once leading social network had signed up a $900 Million ad deal with Google back in 2006. The deal covered up the $580 Million cost of MySpace but that will cost News Corp dearly as it fails to maintain a minimum traffic level. Sadly MySpace is the only entity of News Corp which has registered a very negative output compared to others it owns. So what exactly is going to happen with MySpace? It’s definitely not going to shutdown, but what is going to open up the Pandora box of success for it? Facebook committing suicide perhaps.