a detail article on why Friendster fails?

NY Time has a good detail article on why Friendster fails. It is not really inspiring though. The author believes the performance issue is the major reason of the fail. I can't agree on that. A Silicon Valley engineer, founder of Friendster coded in PHP, has a edge over two LA boys, founders of MySpace coded in CodeFusion. We all know MySpace goes down frequently but doesn't bother its users much.

I believe the major reasons are:
1) Friendster talked about adding new features but didn't do it quickly;
2) MySpace music band is an important factor;
3) MySpace provides a platform to link YouTube video, flickr photo, and others; it's more a open platform.