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[-] wwaxwork@lemmy.world 14 points 2 years ago

Nah. The MySpace guy sold his company for half a billion, retired and lived happily ever after while the people that bought it off of him had to watch their investment slowly die.

[-] billiam0202@lemmy.world 9 points 2 years ago

Yes. And News Corp, who spent $800 million on MySpace, fucked it up and sold it ten years later for about a tenth of what they paid for it. Which is the incident I was referring to.

[-] wwaxwork@lemmy.world 7 points 2 years ago

But the guy who created it got out fine, which was what I was referring to. Much like the Twitter creators. They understood the limited lifetime these things have and sold them to fools who thought they knew better.

[-] wwaxwork@lemmy.world 2 points 2 years ago

But the guy who created it got out fine, which was what I was referring to. Much like the Twitter creators. They understood the limited lifetime these things have and sold them to fools who thought they knew better.

[-] wwaxwork@lemmy.world 1 points 2 years ago

But the guy who created it got out fine, which was what I was referring to. Much like the Twitter creators. They understood the limited lifetime these things have and sold them to fools who thought they knew better.

this post was submitted on 17 Jun 2023
585 points (100.0% liked)

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