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MySpace sold by News Corp
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Old 30-06-2011, 20:51   #1
Matt D
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MySpace sold by News Corp
Murdoch's News Corp has finally sold the once-mighty MySpace.

It paid $580million for it in 2005... unconfirmed reports claim that it has sold it for as little as $35million!

http://www.bbc.co.uk/news/business-13969338
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Old 30-06-2011, 20:54   #2
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Re: MySpace sold by News Corp
Let that be a warning to all those predicting Facebook will live forever. If it does, it will be the first and only example of its kind.

If I were FB I'd be selling shares right now and making a fortune, rather than expecting the value of the thing to keep going endlessly upwards.
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