News Corp buying MySpace was about as intelligent as AOL buying the Huffington Post. A bunch of old guys
who don’t understand social media think they can just buy their way into success. As we all know MySpace began to SUCK right around the time it was bought by News Corp. After numerous layoffs News Corp has been trying to sell MySpace for over a year. These guys can’t give this company away. Today News Corp sold MySpace for
35M after buying it for 580M.
If only Taylor Swift had bought it and made it whole again.