When media titan News Corp. first purchased MySpace in July, 2005, for $580 million, the thought of selling it just six years later for $35 million was unthinkable. But it happened. Now, a year later, plans for MySpace's next evolution are finally revealed.
Over the last three years, MySpace lost hundreds of millions in revenue and went through extensive layoffs, cutting over half their employees. Currently the MySpace audience is only 54 million. Compared to Facebook's nearly 1 billion members, many consider MySpace to be ....Read MORE »
Over the last three years, MySpace lost hundreds of millions in revenue and went through extensive layoffs, cutting over half their employees. Currently the MySpace audience is only 54 million. Compared to Facebook's nearly 1 billion members, many consider MySpace to be ....Read MORE »
