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Myspace vs. Facebook — There Can Be Only One

Gigaom: As I read about the layoffs at Myspace — the company today confirmed that it is shedding close to half of the company, or about 500 employees, including virtually the entire international operation — I couldn’t help thinking of the legendary 1986 science-fiction film Highlander, which starred Sean Connery and Christopher Lambert as warriors fighting to become the world’s sole remaining immortal. The tag-line for the movie was “There can be only one,” and that certainly seems to be the case when it comes to social networks. The cuts suggest Myspace will be the next to give up its life so Facebook can reign supreme.

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