MySpace’s Death Spiral: Insiders Say It’s Due To Bets On Los Angeles And Microsoft

I’ve been watching the death spiral MySpace is in for a while. Back in December I interviewed CEO Mike Jones onstage at LeWeb. Back then I thought maybe MySpace could pull it out, but since then I’ve learned the MySpace “plane” that’s in a death spiral has increased its velocity — in the wrong direction. Since talking with Mike in December I’ve been asking people involved what went wrong and two...