The Case For Myspace
JULY 12, 2011
In the end, the buying and selling of Myspace will be a positive business move for News Corp. In June 2006, Myspace became the most popular online social networking site in the United States. Did Facebook's success and the changing landscape of Myspace make it an undesirable business moving forward for News Corp.? According to the Wikipedia entry for Myspace , the company had a 2009 estimated revenue of $395 million with over 30 million users as of June 2011.