Myspace Is A Sinking Ship Any Buyers
Back in in July of 2005, Rupert Murdoch of News Corp. purchased MySpace for $580 million. The social networking site endured temporary success as the value skyrocketed into the upwards of $3 billion in 2007 and active users peaked at 150 million. But, unfortunately for News Corp, that’s about the time Facebook started picking up steam and demonstrated it was a serious competitor to MySpace especially since MySpace had remained stagnant with little to no new innovation for several years....