Well, according to owner Rupert Murdoch (News Corp) MySpace is valued at about $6 billion - already ten times more than the $580 million they paid earlier this year and also 4 times as much as the $1.6 billion price Google paid for Myspace a month ago…
We think this is absolutely bull-crap - how could anyone ever expect to make a profit on a $6 billion investment? A good business breaks even within two years, which means that any new buyer would need to make about $3 billion each for two years. We all know the internet and Web 2.0 are going places, but those sums are insane, and all the profit is coming from advertising revenue. And advertising is a very subjective decision - MySpace is not selling a physical product.
According to MySpace they currently have 130 million users, which keeps on growing at 8 million a month. Although they admit that “some” of the accounts are indeed inactive, we’d like to guess a percentage of inactive accounts - let’s say, ummm, maybe, a third of all accounts? How people on MySpace actually use it frequently anyway? Not being a big fan of MySpace, our opinion is that MySpace is used more commercial interests by commercial parties these days, than it is being used by individuals to socially connect to others. But hey, who are we to judge Mr Murdoch and his gang?
The reason why the big record companies did not sue YouTube too emerged today. This is after Grouper and Bolt! got sued last week…Universal Music Group, Warner Music Group and Sony BMG all signed deals with GooTube (on the day of the deal) to take a share in the newly formed company. With the expected rise in the market value of the company, the record companies have already earned an estimated $50 million on their share…
This comes as a real surprise to us (or does it really???), since the big record companies are not known to be very friendly with other people (read: Napster). But what the heck, now at least we know what’s going on as well…
Found this really cool photoblog online, called Greyscale Gorilla. The blog features a wide variety of pics taken by the author / owner - some of the photos are more personal (like pics from his ski trip), and unfortunately there’s no kinky photos of his wife and / or mistress… : )
Nah, that’s only tongue-in-cheek talk. Definitely a blog to check out - it’s got some awesome, awesome, awesome photos. Here’s just one example:
Well, a lot has been said about Google buying YouTube last week and a lot of people are very angry. Others like Microsoft and Yahoo! have decided to up their research budgets and invest more in social networking. But the big question still remains what will happen to YouTube now that it is controlled by someone else? Will it still be so cool or will it be Googled (not saying that that is a bad thing either…)?
Well one YouTuber, Zunbidos, has a theory about what will happen and he’s posted his video theory on YouTube (where else huh?). We love this little comedy…
At one stage, the video also suggests GoogleFox, which we must say in our humble opinion will be the f$^#-up of the century, since Mozilla Firefox is the best browser around at the moment and we don’t think a Googled version of Firefox would be too good for our health…
Just a short post to link to an article we found about the top 8 earners with Google AdSense accounts. Earning $300K / month is no laughing matter, for a job which normally entails sitting at home and running a proper website. If you all just click on our ads a little more, we can maybe, one day, in the distant future, earn that much as well…Mmm…Don’t think so. We earn small, minute, almost-non-existent change compared to that…
Just a short post to link to an article we found about the top 8 earners with Google AdSense accounts. Earning $300K / month is no laughing matter, for a job which normally entails sitting at home and running a proper website. If you all just click on our ads a little more, we can maybe, one day, in the distant future, earn that much as well…Mmm…Don’t think so. We earn small, minute, almost-non-existent change compared to that…
