A Death, A Birth, A Possible Terminal Diagnosis

It’s an interesting 24 hours in the world of social networking with big news related to three big companies that marks them moving to a new stage. Basically, we’re seeing a death, a birth, and a possible terminal diagnosis.

First the death. Kara Swisher is reporting this morning at allthingsd.com that News Corp. is selling MySpace. Based on the excellent, detailed story on MySpace over at Bloomberg Businessweek and the fact that  News Corp paid $580 Million in 2005 and is unloading it today for $35 Million, it’s clear that MySpace is following Friendster to the Island of Misfit Social Networking sites.

Next the birth. Google announced yesterday it’s latest attempt at a Facebook killer: Google+. It’s very early, to be sure. But some of the early reviews of it sound that after the failure of Buzz and Wave, the third time may be a charm and Google may have something that will stick around.

Finally, a possible terminal diagnosis: Twitter. Biz Stone announced yesterday that he’s leaving Twitter. On the heels of several other reshufflings and the fact that Stone has been the face of Twitter from the beginning, you have to wonder if this is going to turn out to be Twitter’s “jump the shark” moment.

We’ll see how this all plays out. But it’s been a big day for social networkng.