MySpace Costs: $1 Billion Dollars

June 30, 2011 12:00pm by Barry Ritholtz

From ARS technica, comes this assessment of what News Corp purchase of MySpace actually totaled: $1billion dollars: Doing the math on News Corp.’s disastrous MySpace years

Business Insider musters up this chart to show just how a big a lead MySpace squandered over 3 years to allow Facebook to become the dominant player in the space:

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