Internet technology and marketing

January 4, 2011

Facebook and MySpace going in opposite directions

Filed under: facebook, social media — Tags: , — webcubic @ 11:26 pm

Facebook Valuation

With the recent infusion of funding from Goldman Sachs Group Inc and Digital Sky Technologies, Facebook has a valuation of $50 billion.  A company board member said that Facebook would consider going public in 2012.  Analysts project the company’s vaslue to be comparable to Google, Inc.


MySpace, unlike Facebook, has experienced problems recently.  The company is expected to 50% of its workforce (currently 1,100) in mid-January.  In October a company executive said that the site’s losses were not “acceptable or sustainable”.


1 Comment »

  1. It’s good to know that someone took the time to investigate this aspect, even though the conclusion don’t necessarily match my expectations.

    Comment by effective article marketing — January 29, 2011 @ 12:17 pm

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Create a free website or blog at

%d bloggers like this: