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MySpace sold

May will remember that MySpace came before Facebook and then in 2005, a news corporation bought it for $580 000 000,00. Apparently, it has now just been sold, 50% of the staff will be cut, the site will focus on music in the future, and from being bought for $580 000 000,00 in 2005, it has been sold for a mere $35 000 000,00 in 2011. It is a reminder how, something that seems so big now, that could not possibly ever be overtaken (like Facebook, for example) can end fairly quickly

Posted by Michael de Broglio on Friday 08-Jul-11 Share on Facebook   Tweet It

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Johannesburg based attorney specializing in personal injury matters including Road Accident Fund claims and medical negligence matters. My interests include golf, reading and the internet and the way it is constantly developing. I have a passion for life and a desire for less stress!
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