Can you believe that MySpace.com could be worth around $15 billion within three years, measured in terms of the value created for shareholders of its parent company, News Corp.
MySpace was acquired by Rupert Murdoch’s News Corp. for $580 million less than a year ago. It now boasts more than 90 million active users.
Wow, this Tom person sure hit the jackpot! And so have others who have used MySpace to come up with their own product.
Example: Josh Abramson, co-founder of Connected Ventures, has sold more than 610 $18 shirts in six weeks that take advantage of what is becoming quite a public in-joke. The shirts read, “Tom is NOT my friend.” In case you didn’t know, everyone who joins MySpace automatically receives the creator “Tom” as a friend. But he can be removed from the friend list any time.
And what about CraigsList with 10 million monthly users, and four billion page views per month?
Why oh why can’t I come up with a huge money maker like that???
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