Tuesday 28 June 2011

MySpace Heads To The Bargain Bin, Low $20-30M Bids

Ever since Facebook began picking up steam, MySpace steadily shrunk in popularity. Almost 50 percent of the MySpace staff have recently been laid off and now the site is up for sale. News Corp purchased MySpace back in 2005 for a whopping $600 million, but the latest bids for the site are coming in between only $20 to $30 million.


MySpace was one of the most popular social platforms back in the mid 2000′s. However, over the years it was impacted by negative news of sex-offenders on the

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