MySpace - A Place for Sketchy Friends
Web is abuzz with the Myspace Acquisition (SiliconBeat,SearchViews,Marc)
What percernt of MySpace’s pageviews is from non-monetizable content? Ie “models”, “adult entertainment professionals” and “others”? While positioned carefully as a “music” affinity destination, a large percent of MySpace’s traffic seems a little “sketchy” to me. Dont have anything quantitative, but go ahead and surf around, its certainly not a PG-13 kid of place (much less PG). Quite a stiff price to pay for the offline equivalent of Broadway & Columbus in SF. (ie kinda hip, kinda seedy, lots of traffic).
For the bankers out there. . . 12% premium seem kinda low doesnt it? Compared to Shopping.com of 20% premium. I would guess that the drop in premium is a potential sign that sellers are eager to sell and KNOWS their stock is over valued. When insiders sell, the bubble might be just around the corner. The question I have is how the VC’s plan to liquidate their MySpace stocks? Murdoch didnt buy Intermix just to spinout MySpace for an IPO.
EDIT: Bill Burnham just answered my liquidation issue. Great analysis, scary smart deal structuring by both firms which should scare any entrepreneur sitting the table across from either of these firms.





Web 2.0 This Week (July 17 - 23)
It’s been a helluva week. Myspace got bought for over half a billion dollars. Podcasting died (but not really), and an important development in beer tapping technology was announced. Oh yeah, we spent the week at Always On and learned a lot ab…
Trackback by TechCrunch — July 23, 2005 @ 9:48 pm