You could own a piece of social networking history at a fraction of the original cost!

The Wall Street Journal is reporting that News Corp is selling the once popular social networking site MySpace. Originally purchased in 2005 for 580 million, News  Corp is selling the site for a mere 100 million.

According to Digital Trends, several investment companies are interested in purchasing MySpace. Although nobody is quite sure what they intend to do with it.

MySpace, once the most popular social networking site on the internet, has seen its usage steadily decline in recent years as Facebook soared in popularity.

I was once a big MySpace user before leaving for Facebook a couple of years ago. The thing I didn't like about MySpace was how it allowed people (who knew absolutely nothing about HTML, bandwidth, page load times, etc) to customize their user profiles and load tons of images, videos, etc on them. I simply didn't want to waste 10 minutes waiting for a users profile to load just so I could figure out if they were someone I knew or not. In my humble opinion, this was THE biggest thing that killed MySpace. As cool as it was to put all that cool bling on your profiles, Americans have short attention spans and the load times on many of the users profiles was just too long for most people to wait.

The most visited sites on the internet are sites that are easy to navigate and load quickly (Ebay, Google, Amazon, Face Book, etc). The folks at MySpace just never quite caught on to that concept. Last time I visited it took a good 2-3 minutes just to load the huge video on the front page. Here's your sign MySpace....