Today's sale of MySpace highlights the decline of the social media site that Facebook left in its dust.News Corp., which acquired the site several years ago for $580-million (U.S.), sold it today for about $35-million to Specific Media, an ad firm, reports say.MySpace was once wildly popular, but, according to The New York Times, advertisers abandoned it along with its users. Its revenues this year are expected to be just more than $180-million, well below its peak of $605-million.But everyone acknowledges that MySpace was a pioneering venture that brought many to social networking.
May 13, 2014
We know that as a small business owner, you have your hands full. Aflac has made it easier for you to communicate …Sponsored By Aflac
Adam Connell's career didn't start out like most in the marketing field. Today, he's the operations manager for a U.K. … MoreMore Contributors
- Stories Make a Bland Brand Voice Brilliant: How to Find Yours
- Relate Your Technology Solution to Customer Values
- Where you’re at right now is perfect
- A \'Newbie\' Guide! Starting a Business- Part 1!
- The 3 Best Strategies for Securing Yourself in the New Age of Data Breaches