This is exactly what we are talking about in class. It's easy for MySpace to attract memebers. it's so powerful that a Texas Community College has to ban its students from using it on campus. http://www.nytimes.com/aponline/us/AP-MySpace-Ban.html
But it's much harder to make a lot of money, for now. http://www.nytimes.com/2006/04/23/business/yourmoney/23myspace.html
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