Snark. Murdoch losing his shirt over MySpace.

I hate that the employees are being shitcanned but he deserves the drubbing.

News Corp. is aiming to sell struggling social network site MySpace this week after three years of massive losses, according to a person familiar with the matter. The move will likely result in the layoff of more than half of the site's remaining 500 workers.

It's a jarring goodbye for a once-hot Internet property, which News Corp. CEO Rupert Murdoch predicted four years ago would eventually make $1 billion in annual revenue. MySpace never reached that goal. This year, MySpace is expected to make less than a fifth of that as ad sales plummet, according to research firm eMarketer.


http://www.ajc.com/business/ap-source-news-corp-990878.html

left a lot to be desired, When I still had a game company yes, I have an account there.

Facebook creamed him.

avoiding the site because they knew he ran faux news.... I hope he feels this and realizes he's messed up his brand bad.

Five years ago MySpace was where Facebook is now--at the top of the social media foodchain. (And before that there was AIM, and before that...I dunno, usenet?)

Zuckerberg has two HUGE problems getting ready to bite him in the ass.

Problem 1: Twitter. All the kewl kidz tweet. They've got facebook sites too, but they probably tweet 10x as much as they facebook. Tweeting is better if all you've got is a smartphone, and a lot of people are set up that way now--it's not the majority but phone-only is the wave of the future for people who don't use the computer for work.

Problem 2: Facebook and privacy seem to be mutually exclusive three days out of five, and you're never sure which three days they are.

My bet: in two years some Huge Media Conglomerate buys Facebook, and 18 months later they try to sell it because it's hard to make money off a site like that.