Sold! MySpace bought for $35 Million

MySpace, the former social network juggernaut, was sold for the bargain basement price of $35 Million. What, you don’t have $35 Million kicking around? Of course, bargain basement is used subjectively; afterall, if you spend $580 Million on something, $35 Million is a near-suicide-esque return price. Apparently, and unfortunately, half of the 400 staff members are being cut. As of now, the subheading on Hypebot says 50, but that is not half of 400 last time I checked.

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2 Responses

  1. chai says:

    wow that is terrible. couldnt compete with facebook. wonder how google+ will do

  2. chai says:

    have to say that imo google+ doesnt sound very catchy. petehatesmusic now thats a catchy site name