MySpace And MocoSpace In Talks: Expectations

With the huge success of the massive social networking sites such as Twitter and Facebook, the use of many other smaller sites such as Bebo and MySpace seemed to have disappeared from existence. We’re sure that many of you out there still hold accounts for these sites but when was the last time you accessed your MySpace account? That could probably change with the talk of gaming and mobile social networking giant MocoSpace snapping up this once very popular site.

Mocospace is in the top ten most visited mobile online websites, loading up to 3 billion mobile web pages every month and has over 10 million registered users. The company which was co-founded back in 2005 now has its feet firmly set into the mobile gaming industry, for more info follow this link to Utalkmarketing.com.

According to the New York Times MocoSpace have issued a statement in which they show keen interest in purchasing the struggling social site from owners News Corp. News Corp has also hired Allen & Co (A media investment banking firm) to explore the possible sale of MySpace, although there has been interest from a number of companies including MocoSpace there has yet to be any discussion about potential offers. Check out this post at Theaustralian.com for more info.

Due to the increasing decline of its core users venturing over to sites such as Facebook and Twitter owners News Corp can’t expect to receive anywhere near what they paid for this site six years ago, so for their $580 million investment the company is expected to make quiet a significant loss upon sale of MySpace.

With a loss of this magnitude maybe News Corp might reconsider selling and maybe look at trying to improve the sites features and popularity, but with sites like Facebook being worth in excess of $80 billion is this going to be worth it?

Has MySpace finally come to an end?

Share your thoughts below

  • Loran

    The chore 'service' myspace provided to bands in the early days has been decaying for a year plus in my mind. I think band socialising should be done at soundcloud or facebook, and bands/artists looking for a record deal should use services like audiorokit.co.uk and TAXI.