Posts Tagged ‘MySpace’

Six yrs is a long time on the Internet

In Internet on 11/07/2011 at 3:05 pm

In selling MySpace for US$35m, six years after buying it for US$580m, Rupert Murdoch admitted that he got it wrong. FaceBook rules the social media for now.  Six yrs ago, he was hailed as a genius.


Internet investing: from heloo to zeloo

In Internet on 14/01/2011 at 5:50 am

Or the brutality of the Net. Or “Easy come, easy go”.

Remember MySpace? Latest woes — cutting half of staff.

MySpace valuation: That would put the valuation at about $500 million to $1.2 billion–with the lower end being LESS than Rupert paid for it, and the upper end being twice what he paid for it (hardly the steal of the century).
Read more: All in US$ and Murdoch paid US$580m for it

Facebook is now valued at US$50bn. But only a few yrs ago MySpace was “valued” at US$65bn, though the foot notes said US$5bn.