• Keen On with Chris Dewolfe

    Keen On… Chris DeWolfe: What I Learned From The MySpace Failure (TCTV)

    There is always an element of the confessional about interviewing people, but I really felt like a priest when I interviewed MySpace co-founder and CEO Chris DeWolfe earlier this week. DeWolfe was keynoting San Francisco’s FailCon conference and our conversation naturally focused on failure – and particularly, of course, the meteoric failure of MySpace. This the second in a… Read More

  • Murdoch On Myspace: “I Made A Huge Mistake.”

    Murdoch On Myspace: “I Made A Huge Mistake.”

    Rupert Murdoch withstood intense grilling at News Corp’s annual shareholder meeting today, which focused largely on the phone-hacking scandal that is causing such an upset in the company’s financials and leadership. But among other things, Murdoch owned up to the debacle that has been Myspace. “I made a huge mistake,” he said. “We then proceeded to mismanage it… Read More

  • You Know What’s Cool? Not Myspace

    You Know What’s Cool? Not Myspace

    Myspace savior Specific Media laid off 8% of its staff yesterday, about 50 people. Those laid off were mostly Myspace employees, according to one source, presumably eagerly awaiting their severance package; “The people that [sic] got let go were celebrating because Specific Media doesn’t have a clue what to do.” In the past three months Specific Media had gone from the… Read More

  • Myspace Owner-Specific Media Hit With Layoffs

    Myspace Owner-Specific Media Hit With Layoffs

    Myspace owner-Specific Media has laid of a percentage of its staff today, we’ve confirmed with the company. Specific Media said these layoffs took place in sales and operating areas, and was part of a consolidation effort to eliminate redundancies between the two businesses. As Specific Media says in a statement: The company is consolidating forces to ensure greater alignment between… Read More

  • Five Things I Learned At MySpace That Could Help Google+

    Five Things I Learned At MySpace That Could Help Google+

    This is just a guess, but I’d bet money that Vic Gundotra and Bradley Horowitz probably feel like their heads are going to explode. Anyone on the G+ team who really cares about G+ is probably getting very little sleep, and are annoying their friends and family with their one-track G+ minds. There’s been such an amazing amount of feedback, the Google+ team can’t help but… Read More

  • How MySpace Tom May Have Inadvertently Triggered The Google/Facebook War

    How MySpace Tom May Have Inadvertently Triggered The Google/Facebook War

    Gotta love Tom Anderson. Newly reinvigorated by the launch of Google+, “MySpace Tom” has become a social power user (and regular TechCrunch contributor!). As a man at the forefront of the early days of the social wars, he’s obviously full of information. And today he decided to share a bit more. This time, it’s a fascinating story about the time Microsoft, not Google… Read More

  • LinkedIn Surpasses Myspace For U.S. Visitors To Become No. 2 Social Network; Twitter Not Far Behind

    Professional social network Linkedin surpassed Myspace in terms of traffic to become the No. 2 most visited social networking site in the U.S. in June. LinkedIn, which has seen a resurgence of traffic after its IPO in May, reached an all-time high of 33.9 million unique visitors in June compared to Myspace, which saw 33.5 million unique visitors (that’s down from 34.9 million in May). Read More

  • He's Bringing Myspace Back: Justin Timberlake Takes A Stake

    He's Bringing Myspace Back: Justin Timberlake Takes A Stake

    You know what isn’t cool? $35 million isn’t cool … So in a move that makes truth stranger than fiction, Justin Timberlake, who played Facebook president Sean Parker in a movie called The Social Network, has taken an ownership stake in a real life social network as part of the Myspace sale. Read More

  • Myspace Acquired, CEO Out: Email From Mike Jones To Employees

    Myspace CEO Mike Jones just sent out this mass internal email and press release confirming the company’s sale to Specific Media earlier this morning. Kara Swisher is reporting that the sale was for $35 million. From what I’m hearing it’s been a rocky morning at the social network, which was bought by Newscorp in 2005 for $580 million. Read More

  • Sean Parker On Why Myspace Lost To Facebook

    Sean Parker On Why Myspace Lost To Facebook

    With reports of social network Myspace about to sell for ~$30 million, the tech world eagerly awaits the HBS study for why the service, which was bought in 2006 by Newscorp for $580 million and was at some point valued at $1.5 billion (a quote in a Business Week article referred to it as “one of the best acquisitions ever”) ultimately failed. Read More

  • Myspace Expected To Lay Off At Least 150 Employees On Wednesday

    We’ve confirmed the rumors of Myspace layoffs with our own inside source; From what I’m hearing the company expects to lay off at least 150 of its around 400 employees tomorrow (37.5% of its staff). According to the source, another group of around 150 employees will be put on a transition plan, where they will still be laid off but can work with pay for a few weeks while they… Read More

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