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News Corp paid $580M for the biggest social network. Sold it for $35M.
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Mysterious story of what happened to MySpace founder Tom Anderson after he sold the platform for $580 million
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By 2005, MySpace was the most visited website in America. Bigger than Google. 300 million users. $12 billion valuation. Then came the moment that changed everything. In 2005, Mark Zuckerberg offered to sell Facebook to MySpace for $75 million. MySpace co-founder Chris DeWolfe said no — too expensive. It became one of the biggest mistakes in tech history. MySpace kept expanding: – Entered the UK, Australia, Germany – Signed a $900M ad deal with Google – Earned $30M per month But while MySpace foc
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