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10 Reasons Why I’m Buying MySpace When the Price is Right

By Chad PollittMay 17, 2011

Social Media Price is Right That’s right, in February News Corp. announced MySpace was for sale again and they’re only asking $100 million. Why in the world would anyone want to buy MySpace? They originally purchased the social media platform in 2005 for $580 million.  In the last quarter of 2010 the former social media giant lost $156 million. Shortly before the sale was announced MySpace went through a complete redesign and laid off 47% of its staff.  In today’s fast moving world of Internet and social media marketing what’s popular today can be gone tomorrow.  Innovation, creativity and ease of use determine which platforms float, sink or fly.

Since MySpace is for sale I figured I’d buy it when the price is right – right in my range.  Let’s just say that range is a couple hundred dollars. . .  However, any purchases I make over a hundred dollars need to be cleared with my better half first.  So, here are ten reasons I’m going to give her for why I should buy MySpace.

  1. Nostalgia for the good ol’ days of really poorly designed profiles with offensive images.
  2. It’s a good anti-spam tactic.  With MySpace gone all of those spammers will move to Facebook and Twitter.
  3. Where else can I listen to garage death metal one minute and hear a mister microphone rapper the next?
  4. Where are all of those Internet BLING graphics going to go?
  5. There aren’t any other dating sites out there for troubled misunderstood twenty-somethings that play video games in their parent’s basement 20 hours a day.
  6. Stalking and spamming is much easier on MySpace.
  7. I can’t force people to listen to my music on Facebook.
  8. All of those “MySpace for Dummies” books will be worthless.
  9. A repository of thousands of pieces of malware has to be worth something.
  10. It just feels weird being friends with Tom on Facebook. . .

There are lots of debates on why MySpace took a nose dive, but it’s easily explained by the words of Bob Barker, “You can’t fool television viewers with dancing girls and flashing lights.” So, when the price is right I’m going to come on down and be the next owner of MySpace.



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