Latest Gear Live Videos
Thursday February 3, 2011 11:32 am
MySpace is for sale
During an earnings call, News Corp. COO Chase Carey indicated that "now is the right time" to place MySpace "under a new owner". The news is not a big surprise, as things have been going downhill for the social network. Its owner, News Corp., has attempted to revive the property last Autumn with a site redesign, and while the site is still popular with some niche crowds, there's no question that Facebook took its place long ago. Still, Carey stays positive on the outlook of MySpace, saying “the new MySpace has been very well received by the market and we have some very encouraging metrics, but the plan to allow MySpace to reach its full potential may be best achieved under a new owner.” Of course, it's still unknown whether anyone would be interested in buying it.
- Related Tags:
- chase corey, earnings, financial, myspace, myspace sale, news corp, sales, social networking, social networks
Advertisement
Advertisement
Advertisement
© Gear Live Media, LLC. 2007 – User-posted content, unless source is quoted, is licensed under a Creative Commons Public Domain License. Gear Live graphics, logos, designs, page headers, button icons, videos, articles, blogs, forums, scripts and other service names are the trademarks of Gear Live Inc.
Comments: