Friday, March 31, 2006

MySpace now ranked in top ten websites in the world

The recent purchase of MySpace by News Corp. has yet to show data proving Murdoch’s purchase will make a killing on the acquisition but MySpace is still exploding in popularity.

But as the Internet social networking site MySpace moves up from the 14th most popular site in the world to the eighth, Murdochs purchase is showing a lot of promise. The site has recently been named the second most popular on the Internet in terms of page views.

"It looks like the best acquisition we've made in a long, long time," chief operating officer of News Corp.' Peter Chernin told Fortune magazine. "MySpace is the single biggest growth opportunity this company has."Purchased for $580 million merely eight months ago, MySpace is looking like the purchase of the century.

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