MySpace for sale.

Here's the primary source (WSJ): http://news.ycombinator.com/item?id=2487310

Off-topic, but it's always interesting to me to see how the big tech blogs (mashable, techcrunch, et al) can rewrite a story like this and grab the upvotes away from the original source, whether that be the publication that did the actual reporting or even a primary source like a company's blog.

I wonder if some HN users tend to reflexively upvote the mashable and techcrunch stories based on their domain?

Someone needs to buy this purely for the branding, to create a new (and proper) Facebook competitor. Create something with multiple personas (so I can have a Work persona, Personal persona, Family persona, and Public persona), and do all the things right, that Facebook does wrong.

At least $100M for a ridiculed brand based in LA with a heavy burn rate for demoralized staff and plummeting traffic figures plus they're a microsoft shop? What's not to like? I wonder what full yearly operation costs are all in. I find it hard to believe they'll be getting more than liquidation value + a rather modest premium for the brand & traffic.

I think when its all said and done, after parsing through the press release you will find that someone will acquire it for a $1. Either that or they will pay someone to take it off their hands.

Bottom line Rupert didn't understand what he bought and practically every decision they made from the very beginning was wrong.

I think there is value in Myspace, definitely, but they need to take the site in a new direction. Why this wasn't done years ago I'm not quite sure...

I'm disappointed that MySpace isn't still holding on for its Music features. Facebook certainly hasn't offered anything to challenge it as a place where new bands can post songs and pictures.

They have tried different directions but nothing has worked.

AOL for a sick joke could bid for MySpace..