Skype has added MySpace as a friend

Well I guess this one’s been a long time coming. Who’d have thought two companies that don’t make any money [yet still made their founders filthy rich] would get together, presumably to make twice as less money as they could have alone.

It’s all well and good having a user base of 330 million but I’m still waiting to see how this gets monetised. eBay’s already admitted it got a bit over eager when bidding for Skype, while Murdoch paid out $580m for MySpace. And the social networking bandwagon seems to be chugging along merrily. Rumour has it that Microsoft is reportedly ready to buy a 5 per cent stake in Facebook for between $300m and $500m. Wow.

Let’s see how these ad supported social network models turn out then.