MySpace sale offers tough lessons in social networking

Posted by & filed under Competitive Advantage, IT Trends, Social Networks.

Discussion: Six years after News Corp acquired MySpace, they sold it for $545 million less than their original purchase price. ┬áMySpace is different from other social networking sites (like Facebook and Twitter) because it was founded by people from the entertainment industry who struggled with the technology needed to make the company successful as it… Read more »