MySpace Generating $30M a Month and Some Drama

Mashable is reporting that MySpace now generates $30M a month out of which $24M are from US revenues whereas the rest of it comes from the rest of the world. The analysis is originally done by Richard Greenfield, but says nothing about the Google deal. So the Web2.0 and social networking craze is finally generating a bit of green bucks. Fox acquired MySpace in fall of 2005 for $580M, which many claimed to be a grab.

The monthly revenue are expected to double year on year and hence will touch $60M by same time next year.

 Another interesting MySpace tidbit is the drama surrounding Presidential Candidate John McCain´s MySpace page. Apparently his team grabbed the page templates from Newsvine founder, Mike Davidson without proper attribution. Mike asks users to use his templates but to host them on their own site. McCain´s team ignored this request and just hot linked to the css and images. Mike decided to play a little game and changed the images to bring to light McCain´s flip flopping stand on gay marriages.

Lesson from the story “Never hot link to images hosted on other sites”.

Update: The page is modified but may be McCain needs new interns.

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