iOS app Android app More

MySpace Decline Is Accelerating

First Posted: 03/24/11 09:41 AM ET Updated: 05/25/11 07:40 PM ET

Myspace

techcrunch.com:

Everyone knows MySpace traffic is going the wrong way, but the accelerating decline (and big financial losses) is a serious problem. Parent company News Corp. is in the middle of a sale process, and everyone from venture firms to private equity firms to operating companies are taking a look. "It's like slowing down at the scene of an accident," says one person with knowledge of the discussions, "everyone wants to take a look at how bad things have become."

Read the whole story: techcrunch.com

FOLLOW HUFFPOST TECH

Filed by Bianca Bosker  |