News Corps oversees the demise of Myspace

News Corps oversees the demise of Myspace

  Rupert Murdoch’s News Corporation acquired Myspace in July 2005 for $580 million. Myspace was the largest social networking site in the world at the time and by June 2006 it had overtaken Google as the most visited website in the United States. At its peak in 2007, Myspace was valued at $12 billion but…

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