Tag Archives: MySpace

Facebook Product Director Blake Ross Designs “Focus On The User”

Posted on January 23, 2012 by Amit Chowdhry


Over the weekend, Facebook Director of Product Blake Ross led an initiative to build a browser bookmarklet called “Don’t Be Evil.” Ross built the bookmarklet to rewrite Google’s personalized search results to include content from other social networks like Twitter, Facebook, Tumblr, and MySpace rather than just Google+. The engineers also launched a website for the tool and called it Focus On The User.
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News Corporation Lost $254 Million On MySpace Acquisition

Posted on August 15, 2011 by Amit Chowdhry


News Corporation (NASDAQ:NWSA) had lost $254 million on their acquisition of MySpace said News Corp. This pushed News Corp.’s Q4 net income down 22% to $683 million.
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Myspace Sells to Specific Media, Loses CEO, Gains Justin Timberlake

Posted on June 30, 2011 by Riley Kennysmith

Today Myspace sold to Specific Media for $35 million, but the surprising part of the sale is that Justin Timberlake will be taking an ownership stake in the company. In a move reminiscent of Lady Gaga’s partnership with Polaroid, Timberlake will be more than just a name associated with the company: according to Mashable, he will be contributing his vision to Myspace as well. Another report from Mashable says that Myspace’s CEO Mike Jones will be leaving the company after a transition period. Specific Media, an advertising network, plans to focus Myspace on entertainment.

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Myspace Changing Hands, Losing Staff

Posted on June 28, 2011 by Riley Kennysmith

Myspace is currently subject to a lot of rumors, from layoffs to sale, and should be done with their acquisition deal by Thursday. All Things D reports that Specific Media and Golden Gate Capital are the frontrunners in the deal, both with plans to focus on Myspace’s music services. Before the deal finalizes Myspace will likely cut its staff—some say by 50%, maybe more.

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Former MySpace Music CTO Dmitry Shapiro Raises Funding To Launch A Facebook Alternative

Posted on May 26, 2011 by Amit Chowdhry


Dmitry Shapiro is the former MySpace Music CTO. Shapiro has raised funding from investors that include Draper Fisher Jurvetson to launch an alternative to Facebook called Altly. Altly will be a social network that has strong privacy controls and data ownership.
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News Corp. In Talks To Acquire UGO From Hearst

Posted on May 2, 2011 by Amit Chowdhry


News Corporation (NASDAQ:NWSA) is in talks to acquire UGO.com from Hearst. News Corp. is planning to spin off IGN.com and sell off MySpace. News Corp. and Hearst have been discussing the deal through the weekend and an official announcement could be coming soon. Roy Bahat, the head of IGN.com, will most likely end up running UGO.com after IGN is spun off. IGN is expected to make $10 million this year on revenues of $100 million. News Corp. acquired IGN for $650 million in 2005. [AllThingsD]

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MindJolt Acquires Social Gaming Network and Hallpass Media

Posted on April 19, 2011 by Amit Chowdhry


MindJolt is a gaming company that is run by MySpace co-founder Chris DeWolfe. DeWolfe left MySpace a few years after News Corporation acquired the social network company.
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MySpace’s Revenues Ending June 2011 Expected To Be About $109 Million

Posted on April 12, 2011 by Amit Chowdhry


News Corporation (NASDAQ:NWSA) social network subsidiary MySpace.com used to be the largest website in the world. Now it is at #72 (Alexa) and revenues have been slipping at the company big time. In 2008, MySpace hit $900 million, but one year later the top executives at the company started to depart. According to a pitchbook leaked to TechCrunch, MySpace’s revenue for fiscal 2011 ending June 2011 is expected to be around $109 million with expenses being projected to be around $274 million.
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News Corp Rumored To Be Handing Off MySpace To Vevo

Posted on March 29, 2011 by Amit Chowdhry


News Corporation (NASDAQ:NWSA) is rumored to be in talks to hand off MySpace.com to Vevo.com. Vevo.com is an online music video website that is partially owned by some of the top record companies. The talks are currently in preliminary stages and an agreement may not be reached.
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MocoSpace Considering Acquisition Of MySpace

Posted on February 5, 2011 by Amit Chowdhry


JNJ Mobile Inc. mobile social network subsidiary MocoSpace has an interest in buying News Corp. social network subsidiary MySpace. News Corporation has been looking for a way to spin off MySpace for quite some time now. MocoSpace CEO Justin Siegel said that News Corp. has responded to their advances.
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