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Myspace's Revenue Collapse
The Wall Street Journal twisted the knife in Myspace with a devastating report that says advertisers are running away from the dying social network.
The big problem with MySpace, according to the people that spoke with the Journal: It's in a state of flux and there's no telling what it will be in the next few months. Why advertise on a site you can't figure out?
It included the following chart which shows the absolute collapse in revenue for the company over the last three years with an ugly forecast for this year.
Apple's Developer Conference Is The Hottest Ticket In Town
Apple's iPad 2 isn't its only product in short supply this month: The company's Worldwide Developers Conference sold out in record time this year, just hours after tickets went on sale yesterday.
Here's how this year's sellout compared to previous years, based on press reports from sites like Macworld, Ars Technica, and MacRumors.
Why is WWDC such a big deal? (Especially this year, when Apple supposedly won't even announce a new iPhone?)
As Instapaper developer Marco Arment explains, WWDC is the only mass gathering where actual Apple engineers really explain stuff to you about how their systems work, and will actually look at your code in hands-on lab sessions. Plus, if you're in the biz, it's a great social and professional networking opportunity.
Amazon Still Has A Gigantic Growth Opportunity, Even In Books And Electronics
Amazon still has tremendous growth opportunities ahead, Morgan Stanley analyst Scott Devitt writes today.
Despite Amazon's growth so far, it still only represents 8% of global e-commerce, Devitt writes -- and ecommerce is only 6% of retail.
Therefore, as Amazon continues to steal market share from retailers -- Barnes & Noble, Borders, and Best Buy are immediate U.S. targets -- Devitt thinks it can reach $100 billion in revenue by 2015. That's more than double the $45 billion in sales that the Street expects from Amazon this year.
Even Amazon's mature industries like books can still produce plenty of growth. Today's chart shows Amazon's media and "EGM" (electronics and general merchandise) sales -- versus the competition, and versus the broader books and consumer electronics market.
View more at Business Insider
See Also:
- How The French Rail Monopoly Tried To Crush The Kayak For Euro Train Travel
- Storific Lets You Order In Restaurants From Your iPhone, Launches Today
- Tour AOL's Spiffy New Offices In The Valley
CHARTS OF THE WEEK: How Many Users Does Twitter REALLY Have?
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