“Rupert Murdoch, who famously bought MySpace for $580 million in 2005, and sold the company in 2011 for just $35 miilion, tweets that the same early problems that he saw develop at MySpace are now developing at Facebook, namely that Facebook users are spending less time at Facebook. ‘Look out Facebook! Hours spent participating per member dropping seriously. First really bad sign as seen by crappy MySpace years ago.
— Rupert Murdoch(@rupertmurdoch) May 17, 2013′”
http://www.economicpolicyjournal.com/2013/05/rupert-murdoch-look-out-facebook.html
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