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News Corp Buys The Internet

This article was written by in Internet. 2 comments.

Actually, News Corporation is buying one website, but it’s the “fifth most widely viewed domain.” The corporation is purchasing MySpace for $580 million.

Out of all of the social and business networking websites, MySpace is probably the ugliest and worst programmed. It’s easy to hack and the templates kids choose for their profiles are horrendous. You are often forced to listen to music or watch videos when pages load.

In addition, the entire premise is destroyed by the company’s founder, Tom, who is automatically added to the list of all new members. The results of this intelligent move is the entire membership being within any one person’s extended network. This renders the site useless for keeping track of your network.

There are intrusive advertisements everywhere.

The problem is that MySpace is a perfect way for a corporation to get in contact with millions of kids. Enter News Corp. By the way, MySpace is only two years old.

Updated February 6, 2012 and originally published July 18, 2005. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

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avatar Cap

a good chunk of chain for Tom.

I really dont like myspace at all.

personally its a nasty meat market these days. the “kids” love ‘em though.

but wow. thats good money. heh. maybe news corp will run myspace to the ground somehow, and the world will be a better place.

did I mention I myspace sucks?

avatar jim

Broadcast.com rocks!

You’re buying the membership and the reach, not the site itself… I think that’s how companies get around the whole “privacy policy” issue of not selling your info.