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MySpace sold for $580 million

3:55 pm on Jul 19, 2005 (gmt 0)

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MySpace a networking website was sold to News Corp for $580 million dollars.


How on earth could it be valued so high?

7:13 pm on July 23, 2005 (gmt 0)

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Murdoch owning access to the hipster generation? Is anybody else frightened by the Fox-News-esque-bending-of-the minds implications of this?
11:35 pm on July 24, 2005 (gmt 0)

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This is interesting! I hear that large organizations have such online communities on thier radar. Rumor has it that [snip] and Friendster.com are being looked at too!

[edited by: Drastic at 1:59 pm (utc) on Aug. 1, 2005]

3:35 pm on July 25, 2005 (gmt 0)

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< Anybody have any idea what's up with Orkut?

Orkut is booming in Brazil - so much so that Google included it on their recent earnings call. It's provided a toe-hold for them to push other products in a country with a population of 183M.

As far as MySpace, the traffic numbers that they are putting up have been obscene. The difference between them and the "eyeballs" plays of 1999 is that now there are much more sophisticated and low cost tools for monetizing that traffic AND that monetization is coming from the advertising budgets of real companies, not VC funded start ups.

In talking to some of the MySpace guys, one of the neatest things about their traffic is that they are utterly indifferent to search engine referrals. With their users recruiting other users to the tune of 110K per day, they just don't need to worry about optimization, and can instead concentrate on keeping the site fast, and adding in new features.

I'm a big fan.

9:04 am on July 28, 2005 (gmt 0)

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Rumor has it that [snip] and Friendster.com are being looked at too!

Amazing, I'd never even heard of the first one before...

[edited by: Drastic at 2:00 pm (utc) on Aug. 1, 2005]

6:28 am on Aug 1, 2005 (gmt 0)

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Its just some spam site.... clever URL drop.
12:17 pm on Aug 1, 2005 (gmt 0)

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To be more practical, what kind of software can I use to run such a community on my website?


2:06 pm on Aug 2, 2005 (gmt 0)

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I've read through this thread and some of you have commented on the poor or unattractive design of the MySpace community.

I think you might miss the point here... the users don't CARE what it looks like. They want what it can do. And it is so much more than a forum. There are true "communities" set up that give them everything from brand new music (the music listings are truly huge) to blogs to event invitations and announcements to...

And, as far as the site design goes, the user can customize their account however they want. The pages they design may look awful, but they're having a blast designing them. Some of these people have never had any training or exposure to web design (and it shows), but this is their creative outlet.

I think that the fact that there are few limits is what is making this site so attractive. Worth $580 million? I don't know... possibly potentially more, since it appears that the user base grows exponentially every day.

As a musician that networks extensively, I can tell you that it is one of the hottest things ever for these bands to market their product. The band listings - with streaming audio (free to them) - have become HUGE!

Just my ten cents worth.

p.s. I don't think the design of this site is all that ground-breaking, either. But, I don't care what it looks like, I just want the communication tools available.

6:58 pm on Aug 2, 2005 (gmt 0)

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i remember when i first heard of myspace, and a lot of people jumped right on and made outrageously annoying pages. whoever said it's more of a voyeur site is right - go on there and find the ridiculously hot women and read the posts from guys. it's hilarious and sad at the same time.

i'm just wondering what ol' rupert will do with myspace. it is a little frightening that one company will have unregulated access to so many teenagers, most of them unaware of who's running the show. i hope we don't start seeing george w. bush ads on myspace like there are on fox news.

then again, i hope myspace crumbles because it's lame anyway. granted, it is cool to hear audio from bands, but it is not cool when bands invite anyone within five miles of their zip code to be their little myspace friend. there are other ways to get your music out there, like playing a lot of shows and talking to people.

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