Live data from Hacker News

MySpace Acquired: Email From CEO Mike Jones To Employees

techcrunch.com

41–50 of 57 posts

Re: MySpace Acquired: Email From CEO Mike Jones To Employees

#41
post #5

Earlier quoted context omitted.

Facebook, now that Google+ is here :P

I think Google+ made it so Myspace had to sell now--they've been bleeding money and users for a while now, and with one more challenger in the pit, they would have just bled out. I'm interested in seeing what the buyer actually has in mind for this company now though--It seems totally over, but inventive people always surprise me.

MySpace still seems to have a pretty good penetration with musicians. There might be a viable way to recenter the platform around that.

Re: MySpace Acquired: Email From CEO Mike Jones To Employees

#42

I'm scared that Myspace is simply a total data buy. Take the existing users data and build some models off of it. Notice these quotes. Doesn't sound too promising. '“... enhancing digital media experiences by fueling connections with relevance and interest.”' - Connection between relevance and interest? Isn't that like saying the connection between apples and .. apples? 'Specific Media is an innovative global interac…

The really bad news, if they decide to be evil, is that the purchase of MySpace provides a means to circumvent anti-spam and anti-telemarketing laws - if you have a MySpace account, you can be construed to have an existing business relationship, which legitimizes sending you unsolicited email or, for those unlucky folks who used the mobile features of MySpace, telemarketing to you on your cell phone.

Re: MySpace Acquired: Email From CEO Mike Jones To Employees

#43
post #35

I wonder what this means for other Fox Interactive products? Photobucket was tied at the hip to myspace for instance. Anyone have any idea what's going on there?

Photobucket recently announced a deal with Twitter to be their official photo sharing service. And I think that Photobucket was sold last year.

That's good news... it's a good group over there.

Re: MySpace Acquired: Email From CEO Mike Jones To Employees

#44

Earlier quoted context omitted.

I think Google+ made it so Myspace had to sell now--they've been bleeding money and users for a while now, and with one more challenger in the pit, they would have just bled out. I'm interested in seeing what the buyer actually has in mind for this company now though--It seems totally over, but inventive people always surprise me.

MySpace still seems to have a pretty good penetration with musicians. There might be a viable way to recenter the platform around that.

Enter Justin Timberlake.

Re: MySpace Acquired: Email From CEO Mike Jones To Employees

#45
post #18

A few thoughts on communication... Don't talk about "exciting plans" in one sentence, and "a series of restructuring initiatives, including a significant reduction in our workforce" in the next. Especially when you just worked your employees to the bone revamping your platform. Also, when you are announcing your company was sold for scrap, it is tone-deaf to gush about how it has been "the most engaging and challengi…

This isn't just a question of emotional insensitivity. Machiavelli's "The Prince" specifically warns against trying to mix bad news with good. Send the bad news out and put as much bad news as possible in one message. Then dole out the good news in dribbles. So you start by saying almost everyone will be fired and the pension plan is bankrupt. Let that sink in. Then an email goes out saying that the executive team ha…

While I believe that's psychologically sound, Machiavelli's advice was specifically for a singular figure head to maintain order and control for as long as possible (i.e. indefinitely.) Normally, this is exactly the situation a CEO is in, but if he's announcing that he's leaving the company, his goals may differ from those of Lorenzo the Magnificent (as I imagine Machiavelli would have offered different advice to Romulus Augustus.)

Re: MySpace Acquired: Email From CEO Mike Jones To Employees

#47
post #4
post #2

$35mm? Ouch. >News Corporation bought MySpace for $580m (£373m) in 2008. The asset was briefly valued at $12bn when News Corp attempted to merge it with Yahoo in 2007. From: http://www.telegraph.co.uk/technology/myspace/8404510/MySpac...

Can you imagine what that merger would have looked like?

Myhoo

Re: MySpace Acquired: Email From CEO Mike Jones To Employees

#48
post #28

Earlier quoted context omitted.

This isn't just a question of emotional insensitivity. Machiavelli's "The Prince" specifically warns against trying to mix bad news with good. Send the bad news out and put as much bad news as possible in one message. Then dole out the good news in dribbles. So you start by saying almost everyone will be fired and the pension plan is bankrupt. Let that sink in. Then an email goes out saying that the executive team ha…

Interesting -- so not only does mixing good news with bad like this anger the recipients and cast doubt on the leader, it doesn't even accomplish anything. And thanks for reminding me that I need to read that book.

You have no excuse not to read it. It's on gutenberg, and it's only ~70 pages.

Re: MySpace Acquired: Email From CEO Mike Jones To Employees

#50

I'm scared that Myspace is simply a total data buy. Take the existing users data and build some models off of it. Notice these quotes. Doesn't sound too promising. '“... enhancing digital media experiences by fueling connections with relevance and interest.”' - Connection between relevance and interest? Isn't that like saying the connection between apples and .. apples? 'Specific Media is an innovative global interac…

The really bad news, if they decide to be evil, is that the purchase of MySpace provides a means to circumvent anti-spam and anti-telemarketing laws - if you have a MySpace account, you can be construed to have an existing business relationship, which legitimizes sending you unsolicited email or, for those unlucky folks who used the mobile features of MySpace, telemarketing to you on your cell phone.

MySpace was born from spam and, apparently, will die as spam. Seems sort of fitting.
Post reply on HN