Myspace sold for just $35M

Discussion in 'Off Topic Discussion' started by GekiDan, Jul 1, 2011.

  1. GekiDan

    GekiDan
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    Source: http://www.gmanews.tv/story/225002/technology/myspace-sold-for-just-35m-to-ad-network

    What do you think? Will this be for the good of everyone?
     
  2. sigma

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    Myspace was the most popular social network previously but it was raking over by Facebook, many user leave Myspace. Based on the recent status, $35M is consider good money
     
  3. JBMedia

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    I agree, $35 million is not a bad figure for the current state MySpace is in. However, it is crazy to see how far it can drop when one product is just that much better than the other. Makes you think.
     
  4. GekiDan

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    590M to 35M seems to be a very steep fall. :(
     
  5. Fergal

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    It's a huge decrease in value. That's the thing about online businesses, it's so easy to start one up, a smart kid can start a quality website from his bedroom or college dorm. That kid's site can become hugely popular and grow to the point where it can compete with well established corporations. Examples that come to mind are FaceBook competing with MySpace and PlentyofFish competing with the established online dating businesses.
     
  6. sigma

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    Online website is like that. There are fast grow and fast drop. It sames happen on yahoo too
     
  7. Joel

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    Just for $35M? It is worth way less than that... Myspace is a ghost town.
     
  8. Merk_sfi

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    My space was good for teeny boppers - having music, way too many photos and just a real drain on pc's around the world, Facebook came and was more for the adults, and then one day one adult let the word slip out about Facebook and then it was doomed with the teeny boppers skipping "their" site to come play with the big boys. lol.

    I was never a fan of MySpace and this won't change my mind :D
     
  9. JPM

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    I never registered or used it to he honest, bit u would be very interested to see how they attempt to reinvent it and how.
     
  10. daytrader

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    it use to be 200 Million and +
    i have been in myspace since 2004 i think. and it was the best back then
     
  11. ladydeluxehotel

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    I agree. 590M to 35M really has a big difference. Too bad for MySpace, they once ruled social networking but as we can all see, Facebook now has the more power. But at least 35M is not that bad amount of money, at least still it is in million.
     
  12. GekiDan

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    Never been in Myspace but surely, I got a Friendster back then...
     
  13. Jerlene

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    That is really sad but it's much better than just shutting their doors and getting nothing from it. That's what Facebook said they're going to do next year. Hopefully they get a little something out of it though. Be smart, Mark!
     
  14. GekiDan

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    What do you mean by this?
     
  15. daytrader

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    too early to start thinking about it but may be a smart thing do before google+ eat them alive :D
     
  16. Fergal

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    I'd be interested in reading more about that. Jerlene do you have a reference for that or a link to further info?
     
  17. Jerlene

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  18. Fergal

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    Thanks Jerlene, yes it's definitely a hoax, FaceBook is a multi-billion dollar business, they are unlikely to just shut it down any time soon :)
     
  19. GekiDan

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    Yeah. Who in the right mind will do that?
     

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