Anybody keeping an eye on the news will be aware of Rupert Murdoch's impending catastrophe. More and more potential buyers renounced their bid for MySpace and left the negotiations altogether. Shortly before Murdoch's self set deadline, the offers for the social network MySpace were way below the 100 million dollar mark.
To Murdoch's frustration, last Thursday, the network that was once valued at 580 million dollars changed hands for just 35 million dollars.
The descent of MySpace is just another example of the untouchable power of Facebook, the Goliath of social networking world. This social network-hierarchy had changed as far back as 2007, but the question is...