MySpace for sale.

http://mashable.com/2011/04/26/myspace-bidding-begins/

by noinput • 15 years ago

20 17 15 years ago

I think there is value in Myspace, definitely, but they need to take the site in a new direction. Why this wasn't done years ago I'm not quite sure...

vipivip• 15 years ago

They have tried different directions but nothing has worked.

Andrenid• 15 years ago

Someone needs to buy this purely for the branding, to create a new (and proper) Facebook competitor. Create something with multiple personas (so I can have a Work persona, Personal persona, Family persona, and Public persona), and do all the things right, that Facebook does wrong.

yuhong• 15 years ago

I would not go as far as multiple personas in this day and age, but yes I do wonder why Facebook's privacy problems hasn't caused MySpace to gain.

cadr• 15 years ago

Could you elaborate as to why no multiple personas?

Ruudjah• 15 years ago

>and do all the things right, that Facebook does wrong.

So... rebuild from scratch then?

calloc• 15 years ago

So turn it into Diaspora?

hornokplease2• 15 years ago

Here's the primary source (WSJ): http://news.ycombinator.com/item?id=2487310

Off-topic, but it's always interesting to me to see how the big tech blogs (mashable, techcrunch, et al) can rewrite a story like this and grab the upvotes away from the original source, whether that be the publication that did the actual reporting or even a primary source like a company's blog.

I wonder if some HN users tend to reflexively upvote the mashable and techcrunch stories based on their domain?

shii2• 15 years ago

I suspect with certain blogspammers that there's possibly some sort of voting in groups/vote rings going on.

Then again, some people probably have sites like Mashable and TechCrunch in their RSS feeds and jumped at the link-baity title and rushed to post it on HN.

trotsky• 15 years ago

At least $100M for a ridiculed brand based in LA with a heavy burn rate for demoralized staff and plummeting traffic figures plus they're a microsoft shop? What's not to like? I wonder what full yearly operation costs are all in. I find it hard to believe they'll be getting more than liquidation value + a rather modest premium for the brand & traffic.

pero• 15 years ago

The biggest asset is the database I would think. There is a lot of personal information in there that could be synthesized and extrapolated many ways--and also be used as-is.

shareme• 15 years ago

AOL for a sick joke could bid for MySpace..

obtino• 15 years ago

Don't worry, they're already stuck with Bebo.

shii2• 15 years ago

Not accurate, Bebo was sold to Criterion Capital Partners in 2010.

Apocryphon• 15 years ago

I'm disappointed that MySpace isn't still holding on for its Music features. Facebook certainly hasn't offered anything to challenge it as a place where new bands can post songs and pictures.

rmason• 15 years ago

I think when its all said and done, after parsing through the press release you will find that someone will acquire it for a $1. Either that or they will pay someone to take it off their hands.

Bottom line Rupert didn't understand what he bought and practically every decision they made from the very beginning was wrong.

MySpace for sale.

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