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How Long Before Facebook Writes Off Its $1B Purchase of Instagram?

Kevin Systrom's smartest move was to sell Instagram to Facebook early, before having to deliver even an iota of revenue. My prediction is that we’ll look back on Facebook's acquisition of Instagram as a bust—much in the same way we now view News Corp.’s purchase of Myspace, AOL’s purchase of Bebo, and Excite@Home’s purchase of Blue Mountain Arts.

 

Why Digg's Rebound is Significant to Every Single Social Media Site

Digg

Once the shark is jumped, the downfall begins, and a social media site loses relevance, it's officially over for them. MySpace, Propeller, Yahoo! Buzz, Pownce, Mixx -- the list of social sites that couldn't turn it around goes on and on. Digg is proving to be the exception and it's an important twist for every social media site alive today.

 

Myspace gains 1M users, touts music

Myspace

Myspace, the once dominant social-networking site that faded into obscurity during Facebook's rise to dominance, added 1 million new users over the past month, according to the company.

 

U.S. has new No. 2 social network

Despite new ownership and an injection of Justin Timberlake celebrity cachet, the bad news just keeps coming for Myspace.

 

Can Timberlake bring Myspace back?

Can Timberlake bring Myspace back?

You thought bringing sexy back was hard? Try Myspace. Pop-star, actor and occasional reason to watch "Saturday Night Live" Justin Timberlake will apparently play a "major role" in guiding the floundering social-media site after its sale this week.

Senh: Hey, we all though Friendster was dead, but someone eventually paid $100M for it.

 

News Corp. Sells MySpace to Specific Media for $35 Million

News Corp. Sells MySpace to Specific Media for $35 Million

MySpace, bought by the News Corporation six years ago for $580 million, has been sold to Specific Media for about $35 million, two executives with knowledge of the sale said Wednesday.

Senh: That's a third of what Friendster got sold for.

 

Two Leading Bidders Emerge in Myspace Talks

Two Leading Bidders Emerge in Myspace Talks

News Corp.'s talks to sell most of Myspace have narrowed to two leading bidders, the ad-targeting firm Specific Media and Golden Gate Capital. Any deal would include hundreds of job cuts at the struggling social-networking website.

 

The Rise and Inglorious Fall of Myspace

It once promised to redefine music, politics, dating, and pop culture. Rupert Murdoch fell in love with it. Then everything fell apart...

Senh: A great summary of how MySpace fell.

 

Investor Group Is Frontrunner for Myspace

Investor Group Is  Frontrunner for Myspace

An investor group has emerged as a frontrunner in negotiations with News Corp. to take control of Myspace, as the media company rushes to complete a transaction by June 30.

 

Was It Google That Killed MySpace? : Tech News and Analysis «

Most Internet analysts suggest that MySpace fell from grace because it crumbled in the face of stiff competition from Facebook. But a Reuters report suggests that it may have been Google that dealt the fatal blow by accident as long ago as 2006.

 

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