Adios, MySpace?

Myspace, if you remember, once stood as the social media platform for GIFs, autostart, sparkly animation, bands, and misunderstood types with eyeliner. Now, according to Valleywag, it's halfway in the grave. Just two months after their "my_____" relaunch, the company plans to lay off half of its staff. Not a good sign. Meanwhile, Facebook is worth an envious $50 billion. [Gawker]