Interesting Fact - The Internet

MySpace which was bought in 2005 for $580 million has been sold for a measly $35 million.

(In 2007, at the height of its popularity, it had 300m registered users and was valued at $12bn.  Of course this isn't the worst social network disaster; back in 2008 AOL bought Bebo for $850 million, then sold it a couple of years later for less than $10 million.  That's social networking for you, you're only as big as your user base (take note Google).  Best of all, it's been bought by that famous Internet entrepreneur Justin Timberlake!  As for me, I was a member of MySpace and then I stopped using it, but now that Mr Murdoch no longer owns it I will revamp my profile, that should put 2p on the value.)

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