Re:Wall Street rethinks blockchain projects as euphoria meet...
by adventured on Thursday March 29, 2018 @05:08PM
(#16711027)
MySpace prospered for four years, that's it.
And by prospered I mean, never made money, never became self-sustaining at all.
Facebook is still expanding in its 15th year.
MySpace never earned a profit pre Fox acquisition (the Google deal gave it a one time bump).
In historical terms, MySpace is barely a bump in the road, about the size of an Ask.fm type service (ie trivial in today's hyper scale). It's like looking back and thinking Excite was a juggernaut and therefore a supporting piece of evidence that Google is going to die soon.
Facebook will earn ~$20 billion in 2018 and will end the year with $50 billion in cash. That's 86 times what MySpace sold to Fox for.
MySpace peaked in size at a mere 75 million monthly active users. Facebook is nearly 30 times larger.
MySpace then is to Facebook now, what AltaVista at its peak is to Google today.
And by prospered I mean, never made money, never became self-sustaining at all.
Facebook is still expanding in its 15th year.
MySpace never earned a profit pre Fox acquisition (the Google deal gave it a one time bump).
In historical terms, MySpace is barely a bump in the road, about the size of an Ask.fm type service (ie trivial in today's hyper scale). It's like looking back and thinking Excite was a juggernaut and therefore a supporting piece of evidence that Google is going to die soon.
Facebook will earn ~$20 billion in 2018 and will end the year with $50 billion in cash. That's 86 times what MySpace sold to Fox for.
MySpace peaked in size at a mere 75 million monthly active users. Facebook is nearly 30 times larger.
MySpace then is to Facebook now, what AltaVista at its peak is to Google today.