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The problem with MySpace is that what you see is what you get. Online communities have a long history of sitting idle while someone else comes along and tops them.
That's a big problem because their core userbase is very trend oriented. Mostly teens to mid-20's. All it takes is the "popular kids" to make the switch to another service and everyone follows them.
This is not a hypothetical situation either. It's exactly how MySpace got their userbase, and how the popular spot before them got theirs.
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