this post was submitted on 17 Jun 2023
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[โ€“] billiam0202@lemmy.world 8 points 1 year ago (1 children)

AKA "How to MySpace your social media site."

[โ€“] wwaxwork@lemmy.world 13 points 1 year ago (1 children)

Nah. The MySpace guy sold his company for half a billion, retired and lived happily ever after while the people that bought it off of him had to watch their investment slowly die.

[โ€“] billiam0202@lemmy.world 9 points 1 year ago (3 children)

Yes. And News Corp, who spent $800 million on MySpace, fucked it up and sold it ten years later for about a tenth of what they paid for it. Which is the incident I was referring to.

[โ€“] wwaxwork@lemmy.world 7 points 1 year ago

But the guy who created it got out fine, which was what I was referring to. Much like the Twitter creators. They understood the limited lifetime these things have and sold them to fools who thought they knew better.

[โ€“] wwaxwork@lemmy.world 2 points 1 year ago

But the guy who created it got out fine, which was what I was referring to. Much like the Twitter creators. They understood the limited lifetime these things have and sold them to fools who thought they knew better.

[โ€“] wwaxwork@lemmy.world 1 points 1 year ago

But the guy who created it got out fine, which was what I was referring to. Much like the Twitter creators. They understood the limited lifetime these things have and sold them to fools who thought they knew better.