iLike's $20 Million Fire Sale To MySpace
There’s been a bunch of coverage of the iLike acquisition deal over the past 24 hours including those that call this a massive blow Facebook. The primary “losers” in this supposed $20 million MySpace acquisition is iLike, who has been struggling to find a breakthrough business model. There’s also an underlying story about how the Partovi brothers and Mark Zuckerberg grew apart since the early launch of the platform.
Kara Swisher sums it up beautifully:
The Partovis – who once were close with execs at Facebook (see my party video below), particularly founder and CEO Mark Zuckerberg – placed great faith in its growth lifting all Web 2.0
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