Boom or bubble?
Rumor has it that MySpace competitor Facebook has been looking to sell out and allegedly turned down a $750 million buyout offer. Management's supposed asking price? $2 billion.
Meanwhile video-sharing site Grouper just sold to Sony for $65 million -- about $70 per user.
All this makes News Corp's purchase of MySpace parent Intermix, at a paltry $580 million, seem like a real bargain -- and reminds us of the late '90s rush to invest in anything .com.
So is this interest in social networking sites a sign of a healthy boom? Or a fragile bubble? Tell us what you think.
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