MySpace Going Down!

Today MySpace stated that they will be cutting nearly 30 percent of its work force. Their claim is because they want to get more inline with Facebook. I read Facebook employs a little over 800 people, MySpace now will employ about 1,000 employees. This reduction will cost about 420 people to lose their jobs. And on top of the layoffs, Facebook finally caught up to MySpace in U.S. users. I read that both now have around 70 million users each. MySpace is falling while Facebook is growing. Facebook is a much cleaner and user friendly system. Facebook doesn’t allow all that crap that MySpace does. This is the reason why I think MySpace is getting hurt, all the junk they allow on their site.