Major Corporate Battles in History
By siliconindia   |   Friday, 26 August 2011, 01:03 IST   |    3 Comments
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Facebook v/s Myspace:
Facebook had almost 160 million users
The Rupert Murdoch's News Corporation purchased the ever emerging Myspace for $580 in 2005. Facebook was still in its college days (was restricted to college students) then. In May 2007, Facebook's monthly users were hardly a 30 million while Myspace was peaking with around 70 million users.
Myspace has dropped to 40 million
Two years later saw a completely different story. In May 2009, Facebook equaled and then surpassed Myspace's unique 70 million users. In 2011 Facebook emerged as the sole leader. In May 2011, Facebook had almost 160 million users. Meanwhile, Myspace has dropped to 40 million and the numbers have been steadily declining. In June this year, Murdoch sold the dying company for $35 million, 93 percent less than the original purchase price.

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