Longreads

That new Brazilian fertility rate is below the level at which a population replaces itself. It is lower than the two-children-per-woman fertility rate in the United States. In the largest nation in Latin America—a 191-million-person country where the Roman Catholic Church dominates, abortion is illegal (except in rare cases), and no official government policy has ever promoted birth control—family size has dropped so sharply and so insistently over the past five decades that the fertility rate graph looks like a playground slide. And it's not simply wealthy and professional women who have stopped bearing multiple children in Brazil. There's a common perception that the countryside and favelas, as Brazilians call urban slums, are still crowded with women having one baby after another—but it isn't true.

In February 2009, with the threat of Facebook's growing popularity looming over their company, Chris DeWolfe and Tom Anderson, the co-founders of Myspace, appeared on The Charlie Rose Show. DeWolfe explained that Myspace was more than a social network; it was a portal where people discovered new friends and music and movies—it was practically where young people lived. "We have the largest music catalog in the world," DeWolfe said. Anderson predicted that by 2015, Myspace would have up to 400 million users. DeWolfe said the site's worth was "in the billions." Rose mentioned how Murdoch had bought Myspace's parent company, Intermix, for $580 million. "Are you happy you made the deal?" asked Rose. "Um …," said DeWolfe.