EVEN MYSPACE FOUNDERS no longer use MySpace. “MySpace has fallen so far that its own founders no longer bother updating their profiles. . . . Former CEO Chris DeWolfe, who founded the company with Tom Anderson in 2003, says he cringes on the rare occasions he visits his page, while Anderson’s last update was in March of 2010.” Cringing all the way to the bank, however.

UPDATE: Reader Rich Reilly emails: “Maybe they should change the name to bandspace and focus on what it does best. Bands who have Facebook pages often don’t have music files prominently featured. And the FB design is so ho hum…kind of like a DOS MySpace.” Good point.