Did Justin Timberlake buy Myspace?

Timberlake, who’s featured prominently in the video, will likely play a big part of the MySpace revamp. The former ‘N Sync pop star, with a group of other investors, bought MySpace last summer from News Corp. for $35 million, mostly in stock. That was quite a difference from the $580 million that News Corp.

Did Justin Timberlake own Myspace?

In June 2009, Myspace employed approximately 1,600 employees. In June 2011, Specific Media Group and Justin Timberlake jointly purchased the company for approximately $35 million.

Why did Justin Timberlake buy Myspace?

He’s really passionate about how can he create a better community.” Timberlake said in a statement: “There’s a need for a place where fans can go to interact with their favorite entertainers, listen to music, watch videos, share and discover cool stuff and just connect. Myspace has the potential to be that place.

Who owns Myspace now?

MySpace peaked in 2008 with some 76 million U.S. visitors before losing ground to Facebook. News Corp. sold the company to Justin Timberlake and other investors in 2011 for $35 million. Today, it is an entertainment-focused site that plays music videos and songs. Time Inc. will not say what it paid.

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Does Myspace still exist 2021?

Myspace is still active as of today, but not anymore a go-to platform for social media users. It was once the king of social media networks especially from 2005 to 2008, where it serves over 100 million users on a monthly basis.

Is Myspace still active 2021?

If you go to myspace.com, you’ll see that it is very much still alive, though it has mostly transitioned away from social networking to become a curated music and entertainment site. As of 2019, the site boasted over 7 million monthly visits.

Who bought Myspace for 580 million?

Anderson sold Myspace to News Corp in 2005 for $580 million.

What killed Myspace?

bought MySpace in July 2005, it was worth $580 million, at least to Rupert Murdoch. … When it sold the site last June, to an advertising network owner called Specific Media, it was for a mere $35 million.

Does Tom still own Myspace?

Tom sold Myspace for a whopping $580 million. Not all of that money went to him, but he still helped broker the massive deal. The man who popularized social media and effectively started Facebook before Facebook is now enjoying a fantasy retirement. He’s taken up surfing, investing, and photography.

How much is MySpace worth?

By now, most people know that News Corp acquired Myspace for $580 million.

What does Tom from MySpace do now?

Tom is now a travel photographer

“Former 1st friend, enjoying being retired. Photo taking has been my hobby for 4 years. New mission 2 help others & engage!” his profile reads. One way he is engaging with others is through his blog, which has the URL of – you guessed it – myspacetom.com.

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When did MySpace go out of business?

In 2010, it’s estimated that 50% of MySpace users simply left and discontinued their use of the site and that continued as the once popular site kept changing ownership and direction every few years.

How much is Justin Timberlake worth?

Justin Timberlake: $57 million.

Does Justin Timberlake own Facebook?

Justin Timberlake is a co-star of “The Social Network,” the new movie about the founding of Facebook, but in real life he doesn’t have a personal Facebook page. “I’m ridiculously stupid when it comes to computers and social networking,” Timberlake says. (There is a promotional page devoted to the star on the site.)

How much did Tom Anderson sell Myspace for?

Myspace was sold to News Corp in 2005 for $580 million. Following the News Corp acquisition, Anderson said: “Before [the acquisition], I could do whatever I wanted.