Word: rupert
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...business of having online sites with content created by amateurs to be viewed by other amateurs never had a reasonable chance of making money. The fact that at one point Facebook had a $15 billion valuation, that Rupert Murdoch's News Corp (NWS) bought MySpace, and that Google (GOOG) bought YouTube only proves the "greater fool" theory...
Angwin's book is a tour through MySpace's turbulent adolescence. The site's massive growth made it an easy target for hackers, privacy advocates, parent groups, competitors and (fortunately for co-founders Tom Anderson and Chris DeWolfe) investors with fat checkbooks. But with its purchase by Rupert Murdoch's News Corporation, MySpace has gone from freewheeling, easy-living Web start-up to establishment player. And as it reluctantly approaches maturity, MySpace has new challenges to face, securing advertisers and innovating new features chief among them. Oh yeah - and a pesky little start-up called Facebook...
...Intermix also owned a majority stake in a fast-growing website - Myspace.com - which had attracted an impressive 17.7 million visitors the prior month. A consummate salesman, [Intermix CEO Richard] Rosenblatt focused his comments on the potential of adding MySpace's broad audience to complement Rupert Murdoch's already enviable empire of top-flight media companies...
...enter an alternative universe, where élites are populists, Wall Street is Main Street and bank executives are the oppressed. It's not surprising that a voice of opposition to the new Administration would emerge. But who would have thought it would be on a channel not owned by Rupert Murdoch...
...Murdoch, Rupert • New York Post cartoon depicting Obama as a monkey riddled with bullets is apologized for by • Rev. Al Sharpton is - huge surprise coming here, wait for it - dissatisfied with apology...