Earlier quoted context omitted.
MySpace?
If you are really suggesting MySpace lost to Facebook because of the lack of newsfeed, you should do your research. FB introduced the feed—in the sense that we’re talking about, as a non-chronological selection of content by an algorithm that maximises ad revenue—only after MySpace was no longer a threat. That’s when FB could get away with it, since the critical mass has been achieved and users had nowhere to run any…
2006 - Facebook introduces newsfeed
2006 - Facebook open to everyone (no need for college email)
2008 - FB unique users overtakes MySpace's