Mike Arrington writes about the fascination with Myspace’s decline. “It’s like slowing down at the scene of an accident,” says an anonymous source. “This is a dramatic situation, and more drama is likely as the scene continues to unfold,” says Mr. Arrington. Can’t wait to write these words about The Daily.

Adrianne Jeffries is the editor of Betabeat. Follow Adrianne on Twitter or via RSS. ajeffries@observer.com