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.