Quote:
Originally Posted by MikeFold
just a reminder about valuation....
MySpace Purchase
lot of us thought 1/2 a billion was insane at the time
excluding the lovely tax losses for news corp, i think we were right |
Please... Myspace was going to shit years before it was purchased and even after they purchased it they didn't do anything with it, but get blasted with automated built spam pages that redirect people.
Kids and young adults loved myspace too, and that same group hates Twitter. Then FB normally has your parents attached to it, ie: value is returned.
Myspace started taking on water the minute people started auto building spam pages. It's future was doomed from that day forward.