Wednesday, 13 April 2011

The Bleak Financial Numbers From The MySpace Sale Pitch Book - Techcrunch

Back in 2008 MySpace was on a roll. They racked up $900 million in revenue and the company was still growing. But a year later top execs started to bail (the smart ones went early). Within two months cofounder and CEO Chris DeWolfe was gone.
We’ve gotten a copy of the confidential MySpace pitch book that parent company News Corp. has distributed to potential buyers. Notably, that pitch book doesn’t include any historical financial or user data about MySpace at all. Everything is projected out and forward looking, and even then it’s bleak.

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