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MySpace Will Never Be Facebook, Van Natta or No

By Catharine P. Taylor | Apr 23, 2009

Not many of us were expecting Chris DeWolfe and Tom Anderson to be dethroned from their founders’ posts at MySpace quite this fast, but dethroned they have been, almost six months before their contracts were to expire. Their dismissals come, notably — and I assume not at all coincidentally — before Facebook’s expected surge past MySpace as America’s no. 1 social network, which will likely happen in the next six months. No wonder that, if The Wall Street Journal is right, the founders will be replaced by Owen Van Natta, former COO of Facebook (subscription required), whose unstated objective will be to make MySpace more like Facebook.

Unfortunately, that can’t possibly happen.

Ironically, the problem is that MySpace has a business model, while Facebook does not. The typical MySpace page is filled with big, splashy ads and things that blink; Facebook does a lot of things, but it never blinks. MySpace makes money (even though it reportedly missed last year’s revenue targets); Facebook has yet to make a dime.

And that’s why Facebook is growing in popularity, while MySpace is not.

One reason people go to Facebook is because, relatively speaking, it’s a blissfully ad-free environment. It’s counter-intuitive, but the ads are barely noticeable, and that’s what makes it so enjoyable. Ads alone aren’t what killed MySpace, but in the constant compare-and-contrast that goes on between people and their social media choices, the social net without the blinky ads will always win — even if that’s a distinctly not-for-profit strategy.

So if the mission of Van Natta, or, anyone else who might become the CEO of MySpace, is to make it more like Facebook, the only way to do it is to strip the service of the blinky ads. Even if MySpace isn’t the cash cow that Rupert Murdoch thought it would be, taking away the ads takes away a lot of money, and that’s something News Corp. would never tolerate.

UPDATE: Van Natta’s appointment is now official.

Catharine P. Taylor has been covering digital media and advertising for almost 15 years and is a frequent speaker at conferences about media and advertising. She posts daily to BNET Media, writes the weekly Social Media Insider column for Mediapost and also has her own advertising blog, Adverganza.com. Follow her on Twitter or subscribe to the BNET Media Twitter feed.

BNET User Analysis

Web Buzz:
  • MySpace co-founders stepping aside as growth slows

    MarketWatch - 215 days 10 hours 34 minutes ago

    SAN FRANCISCO (MarketWatch) -- News Corp. said Wednesday that MySpace co-founders Chris DeWolfe and Tom Anderson are stepping aside, as the online social networking service they helped build into a phenomenon has begun to suffer in comparison to rival Facebook Inc. DeWolfe is resigning his role as chief executive, while Anderson is shifting from...

  • MySpace’s Tom to Remain ‘Friend’ to Millions

    Mashable - 159 days 12 hours 44 minutes ago

    Earlier this year when MySpace CEO Chris DeWolfe was replaced by former Facebook exec Owen Van Natta , we wondered if that meant MySpace co-founder Tom Anderson, aka default friend ‘Tom’ to all MySpace users, was also on his way out the door. After MySpace cut 30 percent of its staff yesterday, this became even more uncertain. But...

  • MySpace exec ranks get crowded

    Digital Media - 214 days 21 hours 4 minutes ago

     MySpace CEO Chris DeWolfe has stepped down from the helm of the social networking giant which he co-founded six years ago. MySpace’s other remaining founder, president,  Tom Anderson, is also expected to be shifted to another role once his contract expires next quarter. As widely anticipated in the market, the appointment of former AOL...

  • Charlie Rose: The MySpace Interview

    Tech Crunch - 292 days 15 hours 28 minutes ago

    MySpace founders Tom Anderson and Chris DeWolfe got the Charlie Rose treatment on Tuesday night in a wide-ranging interview that lasted about a half hour. Rose starts with a few general questions, but he does get a few tidbits of new information. For instance, DeWolfe reveals that 18 million people a month get MySpace on their mobile phones. To...

  • Some reasons for DeWolfe and Anderson to stay at MySpace

    VentureBeat - 271 days 8 hours 51 minutes ago

    There's a one-source rumor going around that MySpace co-founders Tom Anderson and Chris DeWolfe may depart from the social network and parent company News Corp. when their contracts expire next October. Perhaps… a lot of things. The rumor could be true, it could be just a negotiating tactic to help them bargain for more than the $15 million...

 

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