Charting MySpace: The End Of An Era


Maybe the second time’s a charm? MySpace (NSDQ: NWS) has been bought by ad network Specific Media with Justin Timberlake as an owner and a role in developing creative direction and strategy. On this second sale, the price tag was $35 million — only a few hundred million short of the $580 million News Corp paid for in 2005 and a paltry amount compared to the $6 billion Rupert Murdoch once claimed it was worth. Below, we’ve updated our MySpace timeline (which was first published in January), showing the highs and lows of once-giant social network from launch to today’s sale.


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