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MySpace 'could be worth $15b in 3 years'
1points
MySpace, the social networking web site, could be worth around $US15 billion ($A20.02 billion) within three years, measured in terms of the value created for shareholders of parent company News Corp., a Wall Street media analyst forecast on Wednesday. RBC Capital analyst Jordan Rohan said he had come away from a meeting with Fox Interactive, the managers of MySpace, believing that "media investors may not fully appreciate what has already been done with MySpace or what may lie ahead."
Source: http://www.theage.com.au/news/Business/MySpace-could-be-wort…
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