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Old 29th June 2011, 11:33 PM
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myspace sells for 35 million

this shows how fast trends can change on the internet, it was purchased for 585 million just a few years ago. http://money.msn.com/top-stocks/post...9f73&GT1=33002
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Old 29th June 2011, 11:47 PM
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Re: myspace sells for 35 million

i think the buyer got a decent deal. still a very popular website.
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Last edited by Fka200; 29th June 2011 at 11:48 PM.. Reason: changed 'good' to 'decent'
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Old 30th June 2011, 07:15 AM
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Re: myspace sells for 35 million

Yep, and Facebook is the next MySpace.
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Old 30th June 2011, 09:09 AM
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Re: myspace sells for 35 million

Quote:
Originally Posted by Rubber Duck View Post
Yep, and Facebook is the next MySpace.
facebook is still in its infancy stage

you cannot imagine how many arab people I meet nowadays who never bought anything online. they are now paying for tons of things on facebook

few days ago, I went to the bank and asked the teller , do you know paypal
he said no of course and none of them in the bank know about it

I told them how come egypt not approved in big online paying site like that
and how egyptians pay online
can you imagine what was their answer, they said
"all people pay at facebook using our visa with no problem!"

so i think any website which is not international (depends only on locals or just few countries) is destined to fail
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Last edited by g; 30th June 2011 at 09:11 AM..
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Old 30th June 2011, 12:53 PM
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Re: myspace sells for 35 million

Quote:
Originally Posted by Fka200 View Post
i think the buyer got a decent deal. still a very popular website.
Except that myspace loses money hand over fist, possibly $100m a year. No such a bargain then .........
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Old 30th June 2011, 01:01 PM
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Re: myspace sells for 35 million

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Originally Posted by domainguru View Post
Except that myspace loses money hand over fist, possibly $100m a year. No such a bargain then .........
Murdock did alright. He had an advertising deal with Google that covered the aquisition costs and several years losses as well. But he is shrewd enough to know when to bail out. Frankly as a brand MySpace is like a Lead lifejacket.
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Last edited by Rubber Duck; 30th June 2011 at 01:02 PM..
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