Has the once very popular site, MySpace, gone belly up? It looks MySpace is on a downward spiral, it’s no longer a place to meet unless you’re looking for spammers or to find out about a new band. With millions of fake profiles, the rumor is they are set to lay off between 300 to 500 people. What the hell happened?

On the popular tech site Switched, the once powerful social networking site seems to have tumbled out of its freight car and been left standing on the track, staring at the Facebook and Twitter caboose.

Several folks in the Web industry told CNN they are skeptical that MySpace will be able to rebound from a recent popularity slump. Facebook surpassed MySpace’s number of worldwide users in 2008, and everyone, it seems, uses Twitter now. ReadWriteWeb founder and editor Richard MacManus cited search sites Lycos and Excite as precedent examples of forgotten Web sites.

Facebook and Twitter are now king. Facebook with it’s clean style, no spamming rule, make it an attractive alternative. Twitter is perfect for obsessive-compulsive people and stalkers of course. Of course, it leaves room for the next big thing. The internet crowd can be very fickle.

Analysts say MySpace should focus on music, which actually is a perfect fit. It should become more of an activity driven site and maybe it can rise from the ashes. I wonder what Tom Anderson a Scorpio and Chris DeWolfe think about this? They’re probably laughing all the way to the bank.

Written by

Jacy Nova

Jacy Nova is the resident Astrologer and Managing Editor for Astrochicks.com. Born under the zodiac sign of Virgo, she has a Libra Rising and Libra Moon.