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With all the talk of Twitter and Facebook slowly taking over the world, we’ve all seemed to forget about MySpace. Many of us don’t even equate MySpace with social networking as we once did. It seems as though MySpace is now just a place for musicians and advertisements.

During the past six months, MySpace activity has dropped significantly. According to Mashable.com, MySpace’s U.S. traffic dropped from 55.6 million unique visitors in August to 50.2 million in September. Wow. That’s more than five million users in one month.

MySpace is in a downward, accelerating spiral. It’s losing millions and millions of dollars for News Corp., not to mention three executives and countless staff layoffs the past few months. MySpace is losing users like, whoa.

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