The chief executive of News Corp.'s states that the acquisition of the social networking pioneer was poorly handled.

Rupert Murdoch admitted that the company's purchase of MySpace in 2005 was a huge mistake, as it should have been quickly sold, and instead was mismanaged and left behind by the success of Facebook. AFP.

UP YOUR QUOTA FOR JUST $15 A MONTH
PSFK’s Premium Subscription provides access to a database of over 100,000 articles featuring new ideas, interviews, analysis and opinion on the latest innovation in brand, customer and retail experience.
Already a subscriber? Log in
(powered by Wallkit)