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July 18, 2005

Myspace acquired by News Corp

(Posted by francois to: social networking )

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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Posted by francois at July 18, 2005 09:25 PM | Bookmark This

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Comments

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

Posted by: francois at July 19, 2005 04:26 PM

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