Have to disagree. Albeit Facebook.com is a dying dog, $FB is a promising stock. Yes, its main product is stagnant and its PR is atrocious but MySpace comparison is probably not the most accurate. $FB is sitting on a huge cash pile of circa $50bn and they are well aware of the importance to acquire any potential rivals, which they do all the time. There is also plenty of room to monetise WhatsApp and Instagram, its two key products, as well as other minor ventures which are not as popular (yet) but have potential.
And there is generally ample experience $FB’s executives possess to face the challenges MySpace did not have a chance to succeed in.