And so, after months of conjecture (and a definite confirmation about a month ago to the Radar), it looks like Myspace.cn is heading for the exit. According to Mobinode, the News Corp owned company is laying off 2/3’s of staff, including the CEO and COO. This isn’t limited to China though – the whole world is seeing Myspace shrinkage, after a horrendous and abortive “relaunch” in October 2010.
Did Myspace make any impact at all in China? Not in our experience. We never used it; we never encountered an artist that did. Since October, the site has been completely unusable here in China.
Apparently, News Corp is considering selling the faded giant to Yahoo.