Myspace sold for $35 million by News Corp.

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Myspace sold for $35 million

Ailing social network Myspace has been sold by News Corp. to advertising network Specific Media for $35 million, the All Things Digital technology blog reported on Wednesday.
 
The firm wanting to buy myspace obviously has lived in a bubble for the past few years - doesn't make an ounce of sense. There are plenty of other tech companies worth spending that money on and will give you a return:whistle:
 
Pretty sure people have paid more for spam db's: and that's all it is - a list of subscribers, of which there is probably only a small percentage active.
 
I never understood what MySpace was supposed to be anyway. Was it like the old GeoCities but with less going for it?

Well, I'm glad it was Murdoch who lost half a billion dollars - hopefully the new owners can turn it around and make it into something useful.
 
Er, can someone justify why on earth someone would do this?
 
Another News Corp blunder, just like trying to put their online newspapers behind paywalls. It is quite wonderful just how quickly and efficiently a relatively unregulated market, such as the internet, evolves :-)
 
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