[kloncks]

Best comment:

Bebo - from $850m to $10m. MySpace- from $580m to $35m. Who's next?

[hydrazine]

Groupon!

I kid, I kid.. But seriously.

[thirsteh]

Facebook, now that Google+ is here :P

[int3rnaut]

I think Google+ made it so Myspace had to sell now--they've been bleeding money and users for a while now, and with one more challenger in the pit, they would have just bled out. I'm interested in seeing what the buyer actually has in mind for this company now though--It seems totally over, but inventive people always surprise me.

[callahad]

MySpace still seems to have a pretty good penetration with musicians. There might be a viable way to recenter the platform around that.

[mkramlich]

Enter Justin Timberlake.

[rokhayakebe]

I think the difference is that NewsCorp made a billion plus in ad revenue from their deal with Google.

[hristov]

I do not believe News Corp made any money from MySpace. If they did they would not be selling it. The google myspace deal was worth less than a billion dollars, and rumors are that Google actually paid less than that even because MySpace did not meet their traffic goals.

Also MySpace cost a lot of money to run. I actually looked at the News Corp financials and their digital properties division was losing hundreds of millions per year.