Sunday, February 18, 2007

From Istanbul To Sand Hill Road: Myspace Goes Mobile on The Way To $1 Billion Dollars

"Much more interestingly, Myspace launched a mobile app with Cingular, allowing Cingular subscribers to access Myspace profiles on their handsets. the application costs $3/mo, where $2 goes to Myspace and $1 goes to Cingular. The most amazing thing about this service is that 200K people has subscribed to it in the first six weeks of the service and it's on one carrier so far. If it goes at this rate, in one year the application will be the most poplular mobile app ever, passing the likes of MobiTV, and can easily surpass the $25M/mo ad revenues."

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