Myspace: several billion dollars, several million photos of scantily clad teenage goths

Brad Greenspan, the money person behind the launch of MySpace, is suing the directors of MySpace parent company Intermix for deliberately underselling the site to News Corp for a paltry $580 million, when in fact the company is worth in the “several billion dollar range.”

I wonder if that valuation takes into account the legal fees the site will amass when the inevitable child molestation-related civil damages suit hits.