20 years after they were a startup, they made $400M in profit on revenue of $3.2B last year. I'm not saying those are sexy numnbers, but they're not exactly shabby, either.

They don't control the web though. So it's significant, but not as dire as the article implies it will be.

This is just the latest revision of MySpace pages too.

Except a major difference is Facebook has proven they are very talented and capable of making really well designed, easy to use and relatively bug free apps. Myspace could not even come close to pulling that off.