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Is MySpace worth almost nothing?

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10.15.2009

Baack

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Is MySpace worth almost nothing?

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We know that MySpace has lost momentum to Facebook, but has it lost all its value as well?
That's where the onetime social media darling may be headed, writes Henry Blodget on Silicon Alley Insider. One of Blodget's sources says that MySpace pulled in around $500 million to $600 million in revenue last year, and didn't make a profit.

Blodget factors in those details, plus MySpace's declining market share, and figures the company might be worth 1X to 2X revenue. If so, its valuation could be in the range of $500 million to $1.2 billion, he writes

http://blogs.moneycentral.msn.com/to...most%20nothing

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