Are Social Sites Really the Wave of the Future?
Is Social Really the Wave of the Future? I wonder if sites like MySpace and Facebook are like the CB (Citizen Band Radio) fad of the 1970s. There doesn't seem to be much to do on Facebook but to chat, flirt and post photos. The traffic is there; so, it pays for businesses to advertise there.
However, this makes me wonder:
"News Corp has sold social media site Myspace for about $35 million to online advertising company Specific Media, according to a source familiar with the transaction.
The deal, announced on Wednesday, calls for News Corp to retain a minority stake in the website that it purchased six years ago for $580 million, the companies said."
News Corp sells Myspace, ending six-year saga - Yahoo! News