MySpace to block copyrighted music + vids

http://www.breitbart.com/news/2006/10/30/D8L392G81.html

Looks like it's the end of the MySpace era, for real, less than 1 year after Murdoch shelled out 680 million for the beast. Any one know if it ever made back a fraction of that? My 15 year-old nephew *assures* me it is *so* 2005 and that he and all his friends and his sister and all her friends are using Facebook now.

The only thing MySpace had going for it, really, was a sort of custom-designed YouTube filled to the brim with the worst webdesign of the mid-90s mixed with streaming copyrighted videos and music via technology of the mid-awties. This will surely cause its membership to flee in even greater numbers to places that never even offered such capabilities (such as, I presume, Facebook).

This comes on the heels of Reddit being bought out for an disclosed price by Wired magazine. In saying why it was a "good investment" they said

Reddit is a social news site that has always played second fiddle to Digg, although Reddit does have an active and loyal userbase. Users praise Reddit for having a very quick load time and no advertising.

If you read how negative the users' reactions are, you'd really get a sense of general civilian (consumer is *such* a fascist term!) disdain for popular private startups being bought up.

Is it not about time us entrepreneurs started forumatling business models in tandem with great ideas? O wait! If we did that, we would be search engine marketters ::gasp::