Microsoft has officially announced that it’s closing its blogging platform, Live Spaces, and there will be no replacement rising from the ashes. Instead, users attempting to create a new Live Space blog will be directed to WordPress, and the 30 million existing customers will be able to export their existing blog into the new WordPress platform. Spaces will close its doors in March 2011 (via: Microsoft Closing Live Spaces, Sending Bloggers to WordPress.)
Tycoons take up ventures believing they can do anything. The truth is otherwise. Success in one venture does not ensure success in all.