Eight Billion Reasons Yahoo Didn’t Buy Facebook
For much of the year, Facebook had been in negotiation to sell itself to Yahoo. The market value of the “instant behemoth” social service sites has fluctuated, as services both large and small have changed hands this year. The first big acquisition was Newscorp’s purchase of MySpace for $580 million in 2005. That set a benchmark, which was driven upward somewhat by the NBC Universal purchase of women’s online network iVillage for $600 million earlier this year.
Social networking sites typically allow users to create and share blogs, pictures, and videos with friends and the wider public. What makes Facebook different from MySpace? Its founder(s) set out to create a social networking site that is designed for post-high school users. It connects people by region, college, company, and high school.
Build a personal profile and connect with others that are sharing your life experience as opposed to your social, entertainment, and artistic interests, which are the focal points in MySpace. Facebook attempted to blend a little maturity into the energized chaos found on MySpace, and they have been successful. Their current membership is somewhere north of ten million – compared to the 145 million that MySpace claims.
The MySpace inclusion of ‘artist pages’ allows artists working in audio and video mediums to freely distribute media from within a social network. It has become a central feature of the network. Artist pages exist alongside individual profiles, and in addition to the regular profile features … Read more