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What’s a company that objectively improved after it got “bought out?” (lemmy.world)

submitted 11 months ago* (last edited 11 months ago) by [email protected] to c/[email protected]

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Everyone knows the tale of Brand X getting bought out by some faceless global conglomerate and going to shit, but does the opposite ever happen?

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[–] [email protected] 114 points 11 months ago (2 children)

There was a social media site called MySpace in the early 2000s that got bought out and my friend Tom made out great and is now a successful photographer. The website went to shit, but my first online friend is living his best life.

[–] [email protected] 28 points 11 months ago (3 children)

MySpace actually just reverted back to it's intended purpose which is for bands to post their stuff.

[–] [email protected] 11 points 11 months ago

Its true intended purpose was online file storage, a full 300MB for free, which was gigantic at the time.

I had an account there before it died, then Tom bought the domain and made it a social network.

[–] [email protected] 8 points 11 months ago* (last edited 11 months ago)

Both halves of that comment are incorrect. It wasn’t originally for posting music, it was an improvement of the concept of social networking that started as an alternative to Friendster.

The music stuff didn’t come until years later, and they never had anything you could consider a success in that department, especially after they deleted every song artists had previously posted to the site.

Also, just going in the website right now, that’s not the bands posting those articles. That’s not even people posting news on MySpace. It is literally just aggregating music news from other websites.

[–] [email protected] 1 points 11 months ago

Didn't the whole site shut down? IIRC, everyone who had a MySpace page lost it a few years ago.

[–] [email protected] 1 points 11 months ago

I don’t know how to quote, so here y’all go

“There was a social media site called MySpace“

I’ve never felt so old in my life.