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---- MySpace sold for $580 million


roldar - 7:40 pm on Jul 19, 2005 (gmt 0)


I'd never heard of myspace until about 3 weeks ago, but apparently it's been the coolest place in town for a while now. I thought Xanga was #1, but I've been told they serve a younger audience.

A quick gander at a couple peoples' pages and I found the banner advertising very obscene. Half the pages won't even fit on my 800x600.

I asked a nephew of mine if he realized that when he added a "what I'm listening to now" cd to his blog that Xanga was getting a commission every time somebody purchased it, he had no clue. I may be wrong, but I've got the impression that a large majority of the people using these things have no idea that they're feeding a business when they use them.

That's probably why they're worth so much -- what's better than a bunch of people you can sort of subliminally advertise to, and who will create the ads and sell the stuff to their friends? And a few million CPM impressions a day never hurt either.


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