Even With Layoffs, Myspace (ahem, My____) may Sell for as Low as $30 M.

Despite handing out pink slips to almost 40 percent of its employees and putting another 40 percent on a transition plan that will keep them on staff as they look for new gigs, Myspace seems likely to sell for a fraction of the $580 million News Corp paid for it back in the summer of Read More

Comments

  1. ha. wow. it’s such an epic tech story/fail.  Great example of the drastic change that the web underwent in the past 6 years.

    Also, I have that issue of Wired on my desk here for some reason. haha

    1. Ben Popper says:

      Back in 2006 MySpace (not Myspace and certainly not My____) was charging $1 million per day for homepage ads. 

      http://www.zdnet.com/blog/micro-markets/myspace-homepage-nearing-1-million-daily-ad-price-tag/89

      1. Nitasha Tiku says:

        And boy oh boy were they ugly.