Yeah, I customized my own MySpace. It might of been one of my first experiences with JavaScript. I sorta remember customizing this effect where things followed the mouse. I also had music on my page. That was of course before everyone freaked out about copyright.
The video sort of going into how MySpace had trouble due to originally designing their site with ColdFusion. Because of that they had trouble scaling and implementing new features that they needed, like privacy controls and spam filters, and things to protect the kids on there. They probably would have had to completely redo the site with custom code to be able to iron out the problems.
I do think that the concept of MySpace and general idea of the site was way better than Facebook. Having a custom space on the internet where you choose how your page looks without too much hassle is pretty cool. You don't have quite the control of building your own site...but you don't have the cost or difficulty either, and there are already tons of people there. When they started to lose users though...things didn't change from where it was for years after.
Years later, after they were sold several times, they finally did a complete overhaul...but they still didn't get the people back.
I should go redesign my MySpace...which I actually never deleted, and still exists, and I still get spam occasionally for.
But the current MySpace is not the MySpace from then. I don't know if it's cooler now, but back then it had issues that people weren't really happy with and it started to lose all it's users over a few months. I think it actually started before it was ever even sold the first time.
If I was rich though, and I could get MySpace for cheap enough, I would totally buy it, and very carefully update it to be better, while trying to not ruin it, as so often people that don't understand technology do to these sites and apps.
RE: Everything will eventually go the way of MySpace unless you maintain it properly!