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Eight Billion Reasons Yahoo Didn't Buy Facebook
By Madison Lockwood
For much of the year, Facebook had been in negotiation to sell itself to Yahoo. The market value of
the "instant behemoth" social service sites has fluctuated, as services both large and small have
changed hands this year. The first big acquisition was Newscorp's purchase of MySpace for $580
million in 2005. That set a benchmark, which was driven upward somewhat by the NBC Universal
purchase of women's online network iVillage for $600 million earlier this year.
Social networking sites typically allow users to create and share blogs, pictures and videos with friends
and the wider public. What makes Facebook different from MySpace? Its founder(s) set out to create a
social networking site that is designed for post-high school users. It connects people by region, college,
company and high school.
Build a personal profile and connect with others that are sharing your life experience as opposed to
your social, entertainment and artistic interests, which are the focal points in MySpace. Facebook
attempted to blend a little maturity into the energized chaos found on MySpace, and they have been
successful. Their current membership is somewhere north of ten million - compared to the 145 million
that MySpace claims.
The MySpace inclusion of 'artist pages' allows artists working in audio and video mediums to freely
distribute media from within a social network. It has become a central feature of the network. Artist
pages exist alongside individual profiles, and in addition to th