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.
Posted by Deirdre Terry 3:58 PM 1 Comments comment | Add a Comment

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.