5 ms·

MySpace Close To Acquiring iLike For $20 Million

13 points by peter123 17y ago

jacquesm 17y ago
If there is one company on the web I really don't like it is 'Ilike'. They keep on spamming their 'viral' emails. It makes sense for myspace though, they're well over their top and have now refocused on music (since social networking has all but been cornered by facebook): http://www.alexa.com/siteinfo/myspace.com http://www.alexa.com/siteinfo/myspace.com So, buying up music sites that have some traffic may plug the hole.
frosty 17y ago
wow! great step by myspace. this sure will irritate facebook like hell. might even lead to bidding war with facebook. surprised by low price though. might be an investment?
- jacquesm 17y ago
  Low price ? I'm amazed it fetched that much! They're roughly 250K uniques / day, that's an amazing amount of money for such a small site. The way they've been emailing people they should have been bigger than google by now...
  - unalone 17y ago
    iLike is in many ways the poor man's Last.fm. I don't see how it's worth Myspace's money, unless they're buying it for the infrastructure.
    - jacquesm 17y ago
      Good point, I hadn't thought of that. Compared to what myspace already has it would be a drop in the bucket though. I think myspace just needs to be seen as doing something (anything) and they need to prop up their rapidly failing numbers. Since mid 2008 they've halved in traffic, a trend that they'll have to stop somehow. At least this gives them a way to get the myspace.com domain in the press in a positive way.
      - unalone 17y ago
        Well, Myspace has its own set of artists with a loose structure. iLike, on the other hand, has a comprehensive list of musicians that it builds (rather than having individual musicians add themselves), and it has a slew of information including track listings for albums, videos, and tour dates.
hristov 17y ago
Considering the levels of investment, it does not seem like an unqualified success. Apparently ticket master already sunk about 13 mil in there.

13 points by peter123 17y ago

If there is one company on the web I really don't like it is 'Ilike'. They keep on spamming their 'viral' emails. It makes sense for myspace though, they're well over their top and have now refocused on music (since social networking has all but been cornered by facebook): http://www.alexa.com/siteinfo/myspace.com http://www.alexa.com/siteinfo/myspace.com So, buying up music sites that have some traffic may plug the hole.

frosty 17y ago

wow! great step by myspace. this sure will irritate facebook like hell. might even lead to bidding war with facebook. surprised by low price though. might be an investment?

jacquesm 17y ago
Low price ? I'm amazed it fetched that much! They're roughly 250K uniques / day, that's an amazing amount of money for such a small site. The way they've been emailing people they should have been bigger than google by now...
- unalone 17y ago
  iLike is in many ways the poor man's Last.fm. I don't see how it's worth Myspace's money, unless they're buying it for the infrastructure.
  - jacquesm 17y ago
    Good point, I hadn't thought of that. Compared to what myspace already has it would be a drop in the bucket though. I think myspace just needs to be seen as doing something (anything) and they need to prop up their rapidly failing numbers. Since mid 2008 they've halved in traffic, a trend that they'll have to stop somehow. At least this gives them a way to get the myspace.com domain in the press in a positive way.
    - unalone 17y ago
      Well, Myspace has its own set of artists with a loose structure. iLike, on the other hand, has a comprehensive list of musicians that it builds (rather than having individual musicians add themselves), and it has a slew of information including track listings for albums, videos, and tour dates.

hristov 17y ago

Considering the levels of investment, it does not seem like an unqualified success. Apparently ticket master already sunk about 13 mil in there.