According to Business Insider, MySpace is trying to raise $50 million in funding so it can re-invent itself as a rival to Pandora and Spotify. An ad company called Specific Media purchased MySpace from News Corp. for $35 million. In 2005, News Corp and its CEO Rupert Murdoch purchased the social network for $580 million. With the launch of Facebook, MySpace largely disappeared, outside ...Read full article
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