How A Possible Buyer For MySpace May Help Facebook
MySpace may announce a buyer as soon as this week, if any of the rumors traveling across the blogosphere have any truth to them.
MySpace may announce a buyer as soon as this week, if any of the rumors traveling across the blogosphere have any truth to them.
Our sibling blog Social Times says that MySpace might have layoffs today, and it remains to be seen whether the cuts will go deeper this time around than during January’s firing of 500 people.
We can’t help wondering how much will be left of the struggling social network after any additional cuts — will the buyer just take the hardware, website, trademarks and related intellectual property, leaving everything else behind?
Here’s what eMarketer says about MySpace’s dwindling value :
By 2008, MySpace was top of the social network food-chain, with more than $604 million in global advertising revenue, eMarketer estimates, up from $477.5
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