Hello Everyone,
We have just learned that the social network Myspace has been sold for $35M today. You might recall that it was originally bought for $580M in 2005! That's a lost of about $550M!
We still remember the time when we used to program on all the major social networks. This included Myspace, Facebook and the less known Bebo. Now we only do Facebook!
There was also a time when the social network said you only have to program once and it would all work across the different platform!!! Well - it never happened!
Anyway, check it out at Washington Post:
http://www.washingtonpost.com/blogs/faster-forward/post/myspace-sold-to-specific-media/2011/06/29/AGLmn2qH_blog.html?wprss=faster-forward
more news to come later about what we think...:)
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This is really a lost to the company in question who sold myspace.com at this time of bad economy and Economic meltdown is the orignal problem and follow with the latest competitively market.
ReplyDeleteMyspace can still be a live with good management system and technology adaptation