Social Networks
Time’s Person of the Year: You
You know niche media has gone mainstream when Time Magazine makes you Person of the Year. Yes, you, you, and you — including you in the middle passing notes, and especially you in front nodding (maybe not so much you in the back throwing spitballs). Yes, even you in the doorway lookin’ pretty. If the ’80’s was the “Me” decade of status seekers kissing up through channels, the ’00’s is the “You” decade of content creators making their own channels.
…look at 2006 through a different lens and you’ll see another story, one that isn’t about conflict or great men. It’s a story about community and collaboration on a scale never seen before. It’s about the cosmic compendium of knowledge Wikipedia and the million-channel people’s network YouTube and the online metropolis MySpace. It’s about the many wresting power from the few and helping one another for nothing and how that will not only change the world, but also change the way the world changes.
Click here to continue reading "Time’s Person of the Year: You"...
Murdoch: MySpace Now Worth $6 Billion
MySpace founder Tom Anderson is making even more friends.
Rupert Murdoch: MySpace is Now Worth $6 Billion
Tuesday November 14, 2:25 pm ETSpeaking with investors at a meeting in Sydney, Australia, yesterday, News Corp.’s (NYSE: NWS – News) Rupert Murdoch reportedly said that the company’s MySpace unit could now be sold for $6 billion, or about 10x the $580 million News Corp. originally paid for the business. The $6 billion was reported in research notes this morning from UBS analyst Aryeh Bourkoff and Credit Suisse analysts Jolanta Masojada and William Drewry.
According to the reports, Murdoch said MySpace now has 130 million users, growing 8 million users a month; he expects 200 million users by mid-2007. Bourkoff says revenue from its advertising relationship with Google (NASDAQ: GOOG – News) should bring MySpace $50 million in fiscal 2007, $250 million in fiscal 2008 and $300 million in both 2009 and 2010.
Meanwhile, wannabe patent troll Friendster can’t even hold down a tiny little office on a third-world Pacific island. No wonder all the hottest Filipina babes are switching to MySpace.
(Via Yahoo! Finance.)
