this post was submitted on 20 Sep 2025
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Ummm... when he sold MySpace he literally sold our data to NewsCorp?
Memes never lie!
Hello, cyber police? Yeah, this person is lying on the information super highway!
"Oh, they done goof'd! Thanks for reporting this. We're going to backtrace them immediately."
Are you gonna hack their IP and spoof their firewall so you can bypass the defense algorithms?
I'm gonna need another hackerman on this keyboard I'm using if I'm gonna pull off a hack that crazy!
Whaaaat TIL
He then went to burning man and traveled and got into travel photography. Lives between Hawaii, LA, and vegas
it cost 'em $580 million..... they got back, six years later, a whole $35 million when they unloaded it.
The data and connections were what's important, algorithms need data, and that was as true back then as it is now.
I remember when NewsCorp bought MySpace and I was already on Facebook at the time. I knew that NewsCorp had been taken for suckers because it was plain as day that young people would all move to Facebook.
Of course, I no longer use Facebook, but it’s a lesson for business people. If you’re making an investment in something young people use, maybe ask young people something about it first.
As you get older, you really just lose touch with that kind of thing, so it’s understandable how a bunch of suits missed that and flushed half a billion dollars down the toilet.
The data they got continued to be valuable to advertisers for decades