Myspace acquired by News Corp

The New York Times reports the acquisition of Intermix Media (their primary property is Myspace) by News Corp for $580M. The last time I checked, Myspace had 12M users (after being launched only two year ago) – so that makes for almost (updated based on comment – my math was lousy – thanks!) $50/user (including the “testers” – like me – who are clearly not regulars).

Maybe Gabe is right (see here) – the bubble is back. And hopefully Jeremy is wrong – Myspace will not get “foxed”.

[Technorati Tags: ]

0saves
If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader.

You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.



AddThis Social Bookmark Button

One Response to “Myspace acquired by News Corp”

  1. i should not post stuff that involves math when I am in a rush. Thanks for the heads-up!

    Rate this:
    2.5

Leave a Reply

Additional comments powered by BackType