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L0RDZ (80.14)

So how much is that doggie in the window ?? really ?

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June 10, 2011 – Comments (2)

http://www.theatlanticwire.com/business/2011/06/myspacefb/38708/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheAtlanticWire+%28The+Atlantic+Wire%29

 Also  cake bake was  BIn Ladins code name...  lol...

 So how much are social networks really worth ???

 65 billion ?   5 billion ?    or    three fifty  :-)

MySpace's outlook was not always so dismal. In 2006, when MySpace was named the most popular social networking site, it's estimated value rose to $6 billion. While RCB Capital Markets analyst David Banks considered the company worth only $5 billion in 2007, MySpace's perceived heyday was still yet to come. TechCrunch's Michael Arrington calculated that, based on the "most valuable social network's" high page view numbers, it was worth around $20 billion. The next year, surpassed in popularity by Facebook, TechCrunch reevaluated the company's worth and brought it down to $6.5 billion. Finally, in 2010, Business Insider ventured that NewsCorp stood to get anywhere from $500 million to $1.2 billion for MySpace--"with the lower end being LESS than Rupert paid for it, and the upper end being twice what he paid for it (hardly the steal of the century)."

2 Comments – Post Your Own

#1) On June 10, 2011 at 3:27 PM, L0RDZ (80.14) wrote:

Fast forward to today where they won't get much...  not even 100 mill  maybe not even 10.

 

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#2) On June 10, 2011 at 4:13 PM, miteycasey (30.18) wrote:

I think someone was a bit greedy. I'm betting NewsCorp sold off enough to cover it's purchase price.

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