Rupert Murdoch: ‘Look Out, Facebook’
News Corp. Chairman and CEO Rupert Murdoch used Twitter to tweak Facebook on the eve of the first anniversary of its initial public offering, comparing Facebook to ill-fated social network MySpace.
News Corp. Chairman and CEO Rupert Murdoch used Twitter to tweak Facebook on the eve of the first anniversary of its initial public offering, comparing Facebook to ill-fated social network MySpace.
Murdoch tweeted:
Look out Facebook! Hours spent participating per member dropping seriously. First really bad sign as seen by crappy MySpace years ago.
Murdoch should know about “crappy MySpace,” as News Corp. paid $580 million for the company in 2005, only to end up selling it in 2011 for just $35 million.
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