MySpace to Reach $15 Billion Valuation
CNET has a Wall Street analyst predicting social networking site MySpace could be worth $15 billion within 3 years.
Rohan said MySpace could demonstrate a value of between $10 billion and $20 billion within a few years. Acknowledging he was making an “audacious claim” he justified the forecast on the basis of MySpace’s “raw, unprecedented user/usage growth.”
Hat’s off to Rupert Murdoch – not a bad ROI for a $580 million acquisition.