MySpace To Reach $15 Billion Valuation
By: Andy Beal
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.
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About the Author:
Andy Beal is an internet marketing consultant and considered one of the world's most respected and interactive search engine marketing experts. Andy has worked with many Fortune 1000 companies such as Motorola, CitiFinancial, Lowes, Alaska Air, DeWALT, NBC and Experian.
You can read his internet marketing blog at Marketing Pilgrim and reach him at [email protected].
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