Yahoo on Monday joined the elephant’s graveyard of fallen internet giants.
MySpace, Facebook’s one-time rival, has a new home.
There aren’t many second acts in the digital world, but Myspace seems to be making a comeback.
In 2015, Sean Percival is a partner at Silicon Valley seed accelerator 500 Startups, but from 2009 to 2011, he was working at MySpace as its vice president of online marketing – just as the social network lost its crown to Facebook.
When good deals go sour.
The memory of Facebook's painful stock market debut a year ago today is at last beginning to fade. Not for investors who bought at the opening price of $38 – their shares are still trading 70% below that – but by other measures the world's largest social network has made seemingly unstoppable progress.
Facebook has lost millions of users per month in its biggest markets, independent data suggests, as alternative social networks attract the attention of those looking for fresh online playgrounds.