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

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”.

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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


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