We’re not saying this just because we were part of the college educated, middle class demographic that uses Facebook, we’re saying this because it’s true: MySpace is over as a social networking site.

Sure, it might be a great site for bands, but as a place for friends, not so much. Even the writer MySpace hired to write a book with MySpace users prefers Facebook.

So after Microsoft bought a very small stake (1.6%) of Facebook this week for a lot of money ($240 million), the Murdoch Empire must defend itself. So The Post translated the value of Facebook to MySpace, and based on registered users, estimates that it’s worth $65 billion.

Some problems with this math: Microsoft wasn't buying Facebook for $15 billion, they were making a $240 million investment in screwing Google. Even if that value were based on registered users, Facebook is growing, and its demographic is more coveted than MySpace’s. For some wacky reason, advertisers prefer college students to child molesters.

But if the Post doesn’t support MySpace in its slow decedent to irrelevance, who would?