myspace already paid for itself

despite being as glitchy as other websites (alright..it was a power outage), news corp has already recouped the half a billion smackers it paid for myspace.

myspace secures a monster deal from google for $900 million over three years. the search giant outbid other internet giants. the uk reg chimes in

There's a bubblesque quality to the internet's two most hyped entities hooking up so that they can "monetize user-generated content." But only a cynic would focus on that.
Let's instead celebrate three more years of hammering our kids with ads for SpongeBob SquarePants sports-bras, natural Ritalin options and Jewish wedding singers.

i'm guessing the guys who sold myspace wish they held out a bit longer

¶ - nitish @ 8:56 AM