Twitter Pan, MySpace, Facebook, and Riding the Fad
It's been a tough day for MySpace as the company fired nearly 30 percent of its workforce. When it's tough to tell whether the blood on the floors from the axing is flowing as fast as the printer ink as those who remain prepare resumes, the atmosphere is serious. However, what MySpace faces now is something to which both Twitter and Facebook should pay close attention. The world can seem fine when you're on top, but when your business is driven by fad and fashion, up and down can switch in the blink of an eye.
