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MySpace To Be Sold

Last updated 6 years ago

New Corp, the company that owns MySpace is looking for a buyer.  Just days ago, MySpace gave the axe to 47% of their staff amid speculations a buyout was in the near future.  Well, the future is now.

They also received not so great news from Google who they make a lot of their ad revenues from.  Rumors have it the terms of their renewal contract was more in favor of Google.

I remember a day when MySpace WAS the Facebook of the world.  But the part they missed out on was that high school kids will never create a tidalwave of cash from business owners wishing to catch their attention.

I am Alan Moore and my job as an Internet Marketing Consultant with ReachLocal Baltimore is to help you grow your business through online advertising!  Give me a call at (877)655-3438 to schedule a free consultation. 

Image cred and a great article about this topic can be found at http://mashable.com/2011/01/12/myspace-sale/

 

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