MySpace sold for $35 million...down from $580. Ouch.

It sure is interesting to watch the trends over the years with social media. I remember when MySpace was kind of cool, and then quickly got trashy. I remember seeing way to much skin and way too much skins too (referring to the tacky designs that people were applying).

I'm wondering if it will ever be more of a viable product for promoting more musicians and other media or if it is really over with.

What do you think?