8/21/06$580,000,000. Thats a lot of money, and i must say if i was Tom the creator of myspace.com i would think about selling. The idea of myspace, and the effect that it has had thus far on the ever so trendy generation of young teen's and uber cool adults has been nothing short of amazing. The idea was simple, let people come together share a little personal information, and start networking. Hit the browse button and search through the millions of profiles for a good looking girl or boy and send them a comment, or even better find a band that you like and feel like you know them, become their "Friend." The truth is, i love myspace, i pretty much could not get enough of it once i was introduced to the site that is home to more than 90 million boys and girls. Now with the corporate buy out of myspace from news corporation Rupert Murdoch, and now on the main page today the featured artist is Kasabian, a major label recording artist whom is under RCA/Columbia Records. Also, a very large advertisment looms over the page like a cancerous tumor "The all new Jeep Compass." Lower on the page is another advertisement for Burgerking. To me this is sad, when i began my myspace friendship i was their because that site wasn't looming with ton's of advertisement, it was fun, and most importantly it featured bands that had little or no affiliation with major lables, indie or close to it, bands that actually needed the help in promotion. Now myspace is filled with crap, corporate advertisements, and has taken away from the smaller artist. Myspace is starting to become a disgusting empire such as clear channel radio, weeding out the good and selling you the same generic band one song at a time. "With News Corp.'s stock rising nearly 20 percent so far this year, partly due to enthusiasm about the growth potential of MySpace, other "old" media firms are now said to be scrambling to find their own MySpace so they too can tell advertisers they have a huge audience of teens and young adults that are just dying to spend money on gadgets, movies, music and other trivial pursuits." - article from CNN Money. can be viewed here at http://money.cnn.com/2006/08/16/commentary/mediabiz/index.htmWhats next? Facebook, Youtube, MOG... Update: 8/22/06 Youtube.com has offcially added advertisements onto their onetime adfree site "YouTube said today that it has introduced two new ad formats in partnership with advertisers Warner Bros Records, Weinstein Co. and Fox Broadcasting. YouTube has dubbed the new ad "concepts" participatory video ads and brand channels." -USA TODAYExcellent, my predictions so far are correct. I read yesterday that facebook was offered some 700 million dollars for their networking site, but turned down the offer and asked for 2 BILLION. Im disgusted.. really sick..