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Nobody Wants to Buy Myspace… Not Even For 5 Times Below It’s Original Purchase Price 0

Source: Prefixmag.com

“After a few months of being on the auction block, MySpace is still for sale from NewsCorp, who is trying to unload the company. Apparently, after a slow trickle of bids, NewsCorp still doesn’t have a bid around the $100 million mark, which is what they’re asking for the shattered husk of MySpace. Apparently NewsCorp is now thinking of just selling off a piece, holding on to MySpace in a smaller capacity. But still, know this: If you have $100 million, you can have what a 2005 issue of your local newspaper called “the thing all these kids are doing on their computers.”

- Source: Prefixmag.com

I don’t know about you, but I haven’t logged onto Myspace in over 4 years. In fact, I don’t even know what their site looks like anymore. If I were to go to it today (which I won’t waste my time doing) I wouldn’t even recognize it.

Myspace was originally purchased by News Corp. for $500 million and now after News Corp. ran it straight into the ground, they’re trying to get rid of it for 5 times below their original purchase price.

Maybe I’m just a hater, but I don’t think anybody will purchase Myspace. Why would you? It has too much of a stigma. It’s like the pretty girl in high school that has a rumor swirling around that she has an STD. She’s attractive and desirable, but you don’t want to touch her with a 10-foot pole because there’s just too much of a stigma. There’s too much uncertainty.

I think we will all wake up one day, go to myspace.com and see a blank screen that says: Page Not Found

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