Myspace has long been the joke of the social media world. Last year the social networking site nearly self-imploded and was victim to massive layoffs, a less than impressive sale, and being written off as a News Corp mistake. Even little victories along the way haven't been enough to offset the overwhelming failure of the site. Netting Justin Timberlake was gimmicky, and the first mention of Myspace TV sounded like a desperate attempt to grab onto the social TV trend.