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”.
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July 19th, 2005 at 4:26 pm
i should not post stuff that involves math when I am in a rush. Thanks for the heads-up!