Apr
29
MySpace—A Place for Profits
Posted in: Uncategorized
Facebook this, Facebook that. Blah, blah, blah…
MySpace is the more effective site, particularly for the entertainment industry and the millions of people who like to discover new music.
According to Fortune, Rupe bought MySpace in 2005 when it had $23 million in revenues; he recently told analysts that in the fiscal year beginning in July, it will take in $800 million, with a profit margin greater than 20%.
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