MySpace Now Likely Worth Less Than Murdoch Paid For It (If It's Worth Anything At All)

A glance at the financials--shrinking revenue, losses, declining market share, loss of mojo and market leadership--would suggest that the company might be worth 1X-2X revenue--on the assumption that MySpace could cut costs radically and make a bit of money in the next few years. That would put the valuation at about $500 million to $1.2 billion--with the lower end being LESS than Rupert paid for it, and the upper end being twice what he paid for it (hardly the steal of the century).