How much did Justin Timberlake make when he sold MySpace?

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.

Who currently owns MySpace?

Viant Technology Holding Inc.
Myspace is currently fully owned by Viant Technology Holding Inc. (formerly Specific Media), which acquired Myspace for $35 million from News Corp. in June 2011. Viant itself was acquired by Time Inc in February 2016 for an undisclosed amount.

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.

Who bought MySpace and sold?

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.

Is MySpace coming back?

Officially, however, Myspace is far from deceased. 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.

What does Tom from Myspace do now?

travel photographer
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.

When did Newscorp buy Myspace?

2005
Rupert Murdoch’s News Corporation bought Myspace in 2005 for $580m. In 2006 Google signed a $900m deal to sell ads on Myspace; by 2007 it had 300m registered users and was being valued at $12bn.

Who is Tom from Myspace net worth?

Tom Anderson Net Worth
Net Worth: $60 Million
Date of Birth: Nov 8, 1970 (51 years old)
Gender: Male
Profession: Businessperson, Internet Entrepreneur
Nationality: United States of America

Why did Justin Timberlake buy MySpace?

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.

Does Facebook own MySpace?

In 2008, Facebook overtook Myspace in popularity; News Corp sold Myspace in 2011 to Specific Media Group and Justin Timberlake for $35 million.

How long did MySpace last?

From 2005 to 2008, MySpace reigned supreme. MySpace was the most visited social networking site in the world, even surpassing Google in June of 2006 as the most visited website in the United States. At its peak, News Corp purchased MySpace for $580 million.

How rich is Justin Timberlake?

Justin Timberlake Net Worth
Net Worth: $250 Million
Date of Birth: 1981-01-31
Gender: Male
Height: 5 ft 11 in (1.82 m)
Profession: Actor, Record producer, Musician, Businessperson, Dancer, Singer, Television producer, Singer-songwriter, Film Producer, Voice Actor

Why did Facebook win over Myspace?

There is a multitude of reasons why Facebook won while Myspace failed. Myspace had a clumsily designed interface that could easily confuse, and many of its apps and features were faulty. Myspace was behind in technology from early on. Its strengths lay in its marketing.