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Within a year, MySpace had tripled in value from its purchase price. News Corporation saw the purchase as a way to capitalize on Internet advertising and drive traffic to other News Corporation properties.
May 5, 2024 · Myspace, website that was the most popular social network from 2005 to 2008. It is a free service that allows users to create Web ‘profile’ pages that express their interests and link to other people’s profiles. Membership sharply declined in the face of competition from Facebook.
- The Editors of Encyclopaedia Britannica
- Tom Anderson and Chris DeWolfe, employees of the Internet marketing company eUniverse (later Intermix Media), created Myspace in 2003.
- In 2005 Rupert Murdoch’s News Corporation purchased Myspace and Intermix for $580 million.
- In 2011 Justin Timberlake and Specific Media purchased Myspace from News Corporation for about $35 million.
Jun 29, 2011 · In an exclusive nabbed by All Things D's Kara Swisher, the News Corp. captain has decided to unload MySpace, once the world's largest social network and once the company that Murdoch thought he...
Jan 13, 2024 · What was once a popular hangout site in the early days of social media has now evolved into a revamped platform for music devotees. In its early stages, MySpace thrived as a platform geared...
Nov 12, 2021 · In its heyday in 2006 and 2007, it was valued at $12 billion ahead of a potential merger with Yahoo after becoming the most visited website in the U.S. As its biggest competitor Facebook passed...
Jun 29, 2011 · Myspace sold today for just $35 million, a rough landing for a company once thought to be worth billions. Below is a chart of Myspace's rise and fall, as well as the rise of Facebook, which...
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Myspace is a social networking service based in the United States. Launched on August 1, 2003, it was the first social network to reach a global audience and had a significant influence on technology, pop culture and music.
