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Why do people keep bring up with this stupid Myspace argument ?

There are plenty of examples of market leading companies that have remained on top despite additional competition e.g. Windows, Office, Google Search.

of the examples you supplied, only windows fits, and it barely. MS Office beat the entrenched lotus 123, google beat yahoo. I can only think of one more that fits - Amazon - which hasn't been replaced.

It seems its more common for a first mover to be displaced than to remain...

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