A (Web) Page Turns in Social Media
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It’s fitting perhaps that Google’s announcement of Google+, its new social networking platform, came on the same day that the sale of MySpace was announced. MySpace, which once ruled social media, was sold by News Corp. to an ad network, Specific Media, for a fraction of what it paid in 2005. “Both the final price”—reported to be $35 million—”and the buyer seemed to confirm that the company’s best days were behind it,” noted Crain’s New York.
Google, meanwhile, is trying its hand once again at leveraging its search dominance and strong cloud-based products (like Gmail and Picasa) to take on Facebook.
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