Tech: News Corp. admits to screwing up Myspace pretty badly
- I think we got spread a bit wide and thin and what we’re focusing on is sort of the heart of our business going forward really being a social network around key content. We’re not trying to compete with Facebook or beat Twitter. We’re trying to create a unique experience.
- News Corp. President and Chief Operating Officer Chase Carey • Describing the ball of (#^(@-up the company’s 2005 acquisition of MySpace turned into. They let the site get lazy and fat and flabby. Now they’re just trying to turn it into a music and entertainment company or something. Tom is probably crying himself to sleep knowing that most of his friends are on Facebook now. • source