Financial terms of the deal were not disclosed, but multiple news reports put it at around $35 million -- far less than the $580 million News Corp. paid for Myspace in 2005.Wow! They lost almost every dime they put into it!
And to think when Rupert Murdoch purchased MySpace, my biggest fear was that he was going to turn MySpace into some kind of unstoppable, ideologically-driven behemoth that would swallow the brains of America's youth. Instead, rival Facebook turned into an unstoppable, social-driven behemoth that swallowed the brains of America's youth.
As far as I could tell, the only thing MySpace did wrong was to have just a bit too much advertising. For that unspeakable crime, America's youth hurled them into the darkness of space far beyond Pluto's most-distant orbit from the sun.
No mercy!
But maybe a bit of justice....
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