MySpace worth $15 billion or zero?

Don't worry too much about either of those figures. I got a good laugh today from Mark Glaser at MediaShift with his spoof piece and subsequent commentary about Reuters and MySpace.

See, Reuters came up with this wonderful story, based on one source, that MySpace could be worth $15 billion within three years. That source was a Wall Street anaylst who came up with this idea after a meeting with News Corp., which coincidentally owns MySpace.

In his spoof, Glaser writes a wire story about how MySpace will be worth nothing in a few years and uses himself as a source. It's very comical.

Now, I wonder what's more scary: the fact that News Corp. has control over MySpace (I did not previously know that Rupert Murdoch had purchased the site for $580 million.) or that a website that basically allows you to stalk others over the Internet could become so powerful?

Of course, the scariest thing of all could be that Reuters published such a terrible story in the first place.