Makin All That Money. MySpace To Hit $1B In Revenue Faster Than Google Did

Jeff Berman, president of sales and marketing at MySpace, told VentureBeat that they were on track to hit $1B in revenue this year.
It took Google 6 years to achieve a $1B year, and MySpace is in its 5th year.
MySpace says they have some strong areas that make them a lot of revenue including:
- Guranteed revenue deal from Google for search
- Diversified user base (they have more Nascar fans than Nascar.com and he says 40% of all mothers are using it!)
- Advertising campaigns (front page hero ads and the new MyAds)
- Music (MySpace Music has always made money off of music promotion, now they make money from music streams and eventually ticket sales, merchandise, concert, etc)
MySpace certainly took its beating from Facebook with its sluggish design and spam problems. Now Facebook is the one in the passenger seat.