MySpace founders have been pushed aside and there is speculation layoffs are coming.

As Facebook and Twitter watch what's happening at MySpace, they should be worried and heed the warning of potential problems to come.

"One of the challenges with running one of these large social networking sites is you are always trying to figure out what it is that people want and then balancing that against how do you make money off it," John Riedl, a professor of computer science at the University of Minnesota,told the Minnesota Daily.

At this point the founders and executives at Facebook and Twitter could take a buyout offered by Google or Microsoft and hope they are given the freedom after being acquired to continue to grow their services.