18 month online startup, sold for 580 million !!! wtf
 

18 month online startup, sold for 580 million !!! wtf

Back in 2003, half of the VC's in silicon valley were chasing the idea that the web could connnect people to one another, rather than to information. It took a couple of Los Angeles hipsters to give abstraction - dubbed online social networking - a seriously viral form. Anderson and Dewolfe grandually cobbled together the iltimate web-services mashup. It was a free-for-all of blogging, instant messaging, phonecam uploads,mp3, video clips, and anything new that came along, all stewing in a both of hot bands, hit movies and teenage lovelies. MySpace.com was bought by News Corp. Rupert Murdoch.


Think & Prosper from your next brilliant idea!

:thumbsup

The Net is Golden. :thumbsup

I keep looking at the date of this post and am still not 100% convinced it's not an error.

so what's the next MySpace?

Where's the timeline pic?

come up with something that is interactive and can be viral. you have yourself a great product, then get some traffic and your be the next myspace,yahoo,google,aol...whatever you want.

a great story that will go down in history and you want more...lol most anything for you Mr. J $tyle$... <-- nice content store brotha' :pimp

http://battellemedia.com/images/myspace%20google.jpg

:pimp :pimp

The sad thing is that if they had held on to it for a while longer and invested some VC money into it, they could be sitting on a site worth about 10 times what Murdoch paid.

what is this myspace thing you speak of? :)

what is this myspace thing you speak of? :)

what is this myspace thing you speak of? :)

what is this myspace thing you speak of? :)

what is this myspace thing you speak of? :)

what they should have done is value the company higher, they already have the site positioned in the top 5 highest trafficed sites, without spending a dime to advertise...

I would have asked for 1 billion, they did get alot 580 million, but they could have almost doubled it.

holy fuckin five posts Batman

Holy shit dude you are so fucking late on the news.

your a moron who seeks attention

i've been in vegas for the last month it seems... i have xbiz withdrawls...

it sure is :)

it's not like there is much difference between 500 million and 1 billion... yea, it's twice as much, but in terms of pleasure derived from earning it, there is almost no difference I would think...

wow 580million.. wonder if i could even spend that much before I die

I want a tshirt with this picture on the front.

http://media.urbandictionary.com/ima...etom-30378.jpg

tom was a gangster

myspace was a smart idea

yes, for most people for sure

Just in... another Tom sighting. Here is the artist rendention .....

http://ectio.us/files/tom-myspace.gif

good one

Another media (teenager targeted) in Rupert Murdoch's hand...Scary shit!

Great concept -- user generated content + user generated traffic + ads + user-centric tools = $$$

tom is the fucking man

Proof that truely good ideas go unnoticed and the shitty onces fetch millions.

Sorry guys, but Geocities is worth more than MySpace IMHO.

trust me once you start living the high life, money can just go down the drain

why does tom look like he is beating off

it's alot of money, and yes you can spend it on 1 boat, 1 home, 1/3 tax...etc... before you know it you owe... that's life..

the more we make the more we spend...

that's life...

:1orglaugh :1orglaugh

hmm... life is easy.. yet strange.. its about being yourself , open minded..

creative .. and LUCKY.

Think & Prosper from our next brilliant idea! see sig...

580 million is a solid number, I mean everyone has a number, that's close to mine ;

Murdoch bought myspace? doh!

Yes for 580 million. and hired the 2 that ceated myspace

i want my 2 dollars

I would ask for 4 and settle for 2.5 ;-)

let's put in an offical GoFuckYourSelf offer, of 600 million...

i'll take 600 million now the longer you wait the more it will go up ;

Hot damn. If only they had listened to you they would be rich now.

Let me run your biz, you'll see hahahahahahahaha


I don't like these kind of sites. They liks create their on internet.
This ain't good at all. Their own network if you prefer. Once you get in, you don't really have to surf the world wide web

the price was to high no matter how you slice it, but with news corp behide it, myspace will soon be re-invented. 1-2 years

every 2-4 years there will be another great myspace,google, or yahoo... it's just like us americans, we like change.

it's like you go out with a girl for like 2-4 years, she's great, but... change is sometimes good and sometimes bad, myspace change was great. ifreinds was almost great...lol

it's all going to change forever.

myspace was not a new idea or even that great of one but for whatever reason it caught on with people and thats what made it worth so much. its almost angering sometimes to think that such a simple idea made so much money but probably more jealousy than anything.

GREAT!
Tom, congrats!

I dont understand why it got so popular. Ive tried it and I really fucking hate it.