Richard Rosenblat Explains Why Social Media Is Perfect for Marketing 2005
Channel: Ras Voja`s Rasta, Retro and Resistance to Babylon
Date: 27/08/2019

Social networking is just advert space and alienation, instant gratification. Explained by Richard Rosenblat:
He presents MySpace social net as:
Perfect MEDIA company
- Users generate content (no content cost)
- Users invite their friends (no distribution cost)
- All you need is to sell the ads
In July 2005, in one of the company's first major Internet purchases, Rupert Murdoch's News Corporation (the parent company of Fox Broadcasting and other media enterprises) purchased Myspace for US$580 million.