The blogging business, and more iconomania
- Mar. 28th, 2006 at 11:53 PM
$500 million for MySpace and $2 billion for Facebook?!
I like MySpace and Facebook just fine. I even have accounts on both. However, I really can't see them being worth $500 million (which Rupert Murdoch paid for MySpace) and $2 billion (the current asking price for Facebook).
In other news: I'm adding a new set of icons.
scifi, writing, politics, democracy, asian
encouragement,congratulations, soapbox, celebration, social
healing, teunc, farewell, grammar, cute
fury, confused,planet, film, award
biology,bioinformatics, bayesian, engineering, agriculture
environment, business,law, journalism, police
metahumor, thanks
Displaced:
international (asian), baby (teunc), phone (scifi), joy (music)
Existing icons to update:
fandom (Doctor Who)
desire (Dcotor Who)
time (Doctor Who)
Future icons:
livejournal
education
energy
novels
religion
television
Anyone who has recommendations or can make icons containing the above keywords, or suitable for use in denoting their themes or concepts: please comment! If I use your icon, I will be sure to credit the authors anywhere it is stored.
--
Banazir
I like MySpace and Facebook just fine. I even have accounts on both. However, I really can't see them being worth $500 million (which Rupert Murdoch paid for MySpace) and $2 billion (the current asking price for Facebook).
In other news: I'm adding a new set of icons.
encouragement,
fury, confused,
biology,
environment, business,
metahumor, thanks
Displaced:
international (asian), baby (teunc), phone (scifi), joy (music)
Existing icons to update:
time (Doctor Who)
Future icons:
livejournal
education
energy
novels
religion
television
Anyone who has recommendations or can make icons containing the above keywords, or suitable for use in denoting their themes or concepts: please comment! If I use your icon, I will be sure to credit the authors anywhere it is stored.
--
Banazir
- Current Mood:
shocked
- Current Music:Bear McCreary - Main Title, UK Version (BSG S1 OST)
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Comments
$2 billion for Facebook is a little ridiculous.
Keep in mind, the going rate for a one month advertisement on sites with at least 2M pageviews and 1,000 distinct users is approximately $1,000/mo for a banner at $500/mo for a button. It doesn't take much to get to 2M pageviews and 1,000 distinct users if you've got any sort of forum or blog or gallery going on. (My two-year-old forum currently has a 4.5M/mo pageview, and it's not even big enough to go on big-boards yet!) And that's not for a constantly-up ad, that's for the kind that gets put in a fixed-number (say, 20 or 50) directory and is randomly selected.
I know those stats only because over the course of the year, we'll be changing it to a limited but free / expanded but ads / subscription basis because between my co-admin and myself, we spend approximately 70-80 hrs/wk admining the forum and need to be able to have money to pay for school and what not. We figure that if we charge $500/ad and sell 25 ads/mo, we can pay our forum costs (1 ad/mo) and have a fairly good salary, but we could have an acceptable salary with 8-10 ads/mo.
*clings to Livejournal* I'm never letting go!!!
Ugh, so I'm not the only one who despises those sound files blaring every single time?
I don't understand how kids who have no patience with anything else are totally fine with MySpace's server issues - it takes me 3 try to log in, I'm constantly having to reload my browser...
*huggles Livejournal*
;-)
--
Banazir
I practice so that when I meet an anemone, I can trask it!
--
Banazir
I reckon that MySpace for 500 million was a really smart choice by News Corp. The phenomenon is out of control among highschool age kids. At local trendy youth franchise food consumption depots kids don't talk about other kids any more, kids talk about other kids' MySpace accounts. Those without MySpace accounts are social black sheep. Go to any teenage party and marvel at how much time kids spend with their cell phones whipped out snapping pictures. I've always wondered where all that generated data goes. Now I know: MySpace.
I think the MySpace thing has homed in on (inadvertantly) some key points that youths have really embraced. Broadcasting of memes (anything from certain myths/anecdotes [those Chuck Norris things], to online personality quizes, to certain images & videos), another layer of impersonality (it's easier to say - nice shoes, wanna fuck? - over the internet), which in itself is a huge deal.
Facebook, on the other hand, is just as ubiquitous in the undegraduate university scene. I think that Facebook is less valuable for advertising and more valuable for data mining. Don't think it's worth 2 billion dollars, but somehow I get an inkling that it's worth much more than 500 million.
Dunno, maybe.
You're right about the News Corporation and MySpace. Even though I still can't stand MySpace and it's exteme teenybopper ambience, I've started to watch the relevant stocks, particularly NWS. (Ironic that it has the ticker symbol that in the blogosphere is an acronym for "Not Work Safe".)
I believe that LJ is a bunch of mostly-teenaged, mostly-female users wanting to be adults, while MySpace is a bunch of adults and teenagers who mostly want to act like teens. (Not surprisingly, there is a dark underside to that situation.)
--
Banazir