A couple of interesting tidbits from a CNBC interview this morning with MySpace Co-Founder Chris DeWolf. Clearly he's trying to get the message out there that reports of MySpace's demise (particularly at the hands of Facebook) are greatly exaggerated:
1) He claimed that MySpace accounts for the lion's share of the $900mil annual revenue generated by Fox Interactive Media (FIM)
2) He claimed MySpace accounts for 50% of the ad revenue generated in the entire social networking space
Maybe traffic isn't the entire story...maybe it's how you capitalize on it?
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Another interesting article touching on this: http://news.cnet.com/8301-13577_3-10148855-36.html
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