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MySpace Costs: $1 Billion Dollars

Posted By Barry Ritholtz On June 30, 2011 @ 12:00 pm In Venture Capital,Web/Tech | Comments Disabled

From ARS technica, comes this assessment of what News Corp purchase of MySpace actually totaled: $1billion dollars: Doing the math on News Corp.’s disastrous MySpace years [1]

Business Insider [2] musters up this chart to show just how a big a lead MySpace squandered over 3 years to allow Facebook to become the dominant player in the space:

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[3]


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2011/06/myspace-costs-1-billion-dollars/

URLs in this post:

[1] Doing the math on News Corp.’s disastrous MySpace years: http://arstechnica.com/tech-policy/news/2011/06/doing-the-math-on-news-corps-disastrous-myspace-years.ars

[2] Business Insider: http://www.businessinsider.com/chart-of-the-day-the-fall-of-myspace-2011-6?utm_source=Triggermail&utm_medium=email&utm_term=SAI%20Chart%20Of%20The%20Day&utm_campaign=SAI_COTD_062911

[3] Image: http://www.ritholtz.com/blog/wp-content/uploads/2011/06/myspace.jpg

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