Comments | donthaveaspaz: (без темы)

donthaveaspaz

(Untitled)

Jun 30, 2006 00:24

should i invest in myspace?

it's now owned by a publicly traded company, and i actually read an article in WIRED magazine that makes it all sounded pretty good, despite being owned by the people that own fox news.

Comments 7

hexmod June 30 2006, 04:51:29 UTC

I dont know...sounds risky.

ragemonkey June 30 2006, 05:42:03 UTC

i'd say no. it's hype is probably already peaked. if you got in on the initial stock offering, and had shares secured on the day it went public, then sold it after a few hours of trading, then you can make a killing. better off buying stock in the company that owns Wired. /2cents

donthaveaspaz June 30 2006, 22:37:35 UTC

i didn't go public. it was bought by a massive company, NEWS CORP that already is public.

ragemonkey July 1 2006, 18:17:56 UTC

ahhhhh ok. so i guess news corp is a big media groups that will merge and make the media closer to a monopoly, then have even more power than it does now to program the people to be afraid and consume more. so investing in them is more like investing in a mutual fund or slow and steady stock like walmart. until one day the government breaks up the monopoly (once it's efforts to control the media fail).... or a massive orchestra of hackers and sexy vegan terrorists effectively strike after years of planning and infiltration, and bring down the beast, giving the people realistic news and destroying your investment.

donthaveaspaz July 1 2006, 21:13:00 UTC

ok?

teranchura June 30 2006, 15:06:46 UTC

myspace ain't going no where but up. duh, it's a good investment esepcially with the soon to be released.. myspace messenger

donthaveaspaz June 30 2006, 22:47:29 UTC

i think so too.

however it's cost was only about 2% of the revenues of the entire company (News Corp.) that bought it. so a lot could go wrong with the rest of the company, especially since news corp. is largely focused in more traditional media (books, tv, newspapers, radio stations) that have an uncertain future.

i think it's a little risky, but in buying myspace they're saying that traditional media is open to and can adapt to technology and the future.

also i don't think books and magazines will ever go away. they'll change. heck, even though we can get it online, my parents still subscribe to two daily newspapers.

and yes, myspace itself isn't going anywhere but up.