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Maybe he’ll hire Andreessen-Horowitz advisor Larry Summers for strategy advice…
Here’s a case of life imitating art for you.
Justin Timberlake, who played Facebook investor Sean Parker on screen in The Social Network, has acquired an ownership stake in MySpace.
[…]
Still, the company is promising that Timberlake will help “lead the business strategy” of MySpace moving forward.
Myspace, Justin Timberlake: Pop singer part of Specific Media-News Corp deal.
Continue reading: Myspace, Justin Timberlake: Pop singer part of Specific Media-News Corp deal. [Slate]
One for the record books: $545M less than the purchase price six years ago
Rupert Murdoch’s News Corp. has finally found a buyer for MySpace, but the $35 million sale price is only a fraction of how much the company had been asking for.
Advertising network operator Specific Media and News Corp. finalized the deal Wednesday, allowing Murdoch’s company to move the once-mighty social networking site off its books before its fiscal quarter ends Thursday.
Specific Media: Advertising site buys MySpace from Rupert Murdoch’s News Corp. for $35 million.
Continue reading: Specific Media: Advertising site buys MySpace from Rupert Murdoch’s News Corp. for $35 million.
When the music’s over, turn out the lights
Myspace Music CTO Dmitry Shapiro, who joined the company less than a year ago, has left to found a new start-up, he and Myspace confirmed late Thursday.
Shapiro, who had previously founded and led the legally challenged video site Veoh, said in a post on Facebook that his time at Myspace was “a rewarding, frustrating, eye-opening, and inspiring experience.”
Myspace Music Loses CTO Dmitry Shapiro | Liz Gannes | NetworkEffect | AllThingsD
Continue reading: Myspace Music Loses CTO Dmitry Shapiro | Liz Gannes | NetworkEffect | AllThingsD
Plenty of extra space on MySpace
Tech industry analysts comScore say figures show MySpace lost more than 10 million unique users worldwide between January and February.
There were almost 63 million users of MySpace in February 2011, down from more than 73 million.
Year on year the site has lost almost 50 million users, down from close to 110 million in February 2010.
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Rupert Murdoch’s News Corp bought the company for £330 million back in 2005.
If they were to sell today, they might get as little as £50 million for it.
BBC -… Continue reading: BBC – Newsbeat – MySpace loses millions of users in a few weeks
More details on MySpace’s decline, which will now probably accelerate
On one level, the decline of MySpace again shows the fragility of social media where fickle consumers and changing tastes can make sensations out of services like Tribe and Friendster that quickly fade from public imagination. According to comScore, MySpace reported 54.4 million users at the end of November, a loss of more than nine million from the previous year.
“MySpace was like a big party, and then the party moved on,” said Michael J. Wolf, the former president of Viacom’s MTV Networks and managing partner at media consulting firm Activate. “Facebook has become much more of a utility… Continue reading: After Failing to Innovate, MySpace Struggles – NYTimes.com
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