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MySpace CoFounder Says Purchase Was A Scam

Posted by ryuzaki0 on from the missing-a-few-pennies-here dept.

Jonathan writes "Brad Greenspan says he's the real founder of MySpace, not Tom, and the sale of MySpace to News Corp. was a criminal act. In a nine-chapter report, he describes how this was accomplished by hiding the value of the site from Intermix Media's shareholders." From the article: "How was News Corp able to turn $327 million into $20 billion or more of value within a year? The Myspace/Intermix transaction was so low compared to other internet transactions that it is raising eyebrows by analysts and media everywhere. Everyone seems to be asking how News Corp. got such a good deal. It seems too good to be true! After signing the transaction to buy Myspace & Intermix (but prior to the closing), News Corp. itself even showed how strangely little it had paid for Myspace by immediately paying $3.99 per monthly page view for slow growing comparable IGN. News Corp. paid only .03 cents per monthly page view for the hyper fast growing Myspace. Therefore, we can conclude that the fair value of Myspace was 100x or more what News Corp. paid! "

4 of 214 comments (clear)

  1. Re:Sounds like sour grapes by benzapp · · Score: 1, Offtopic

    Umm, what's so freaky about 35 year old men hooking up with 15 year olds? This is pretty standard in most of the world, and was in the US as well.

    --
    I don't read or respond to AC posts
  2. Formatting corrected by Anonymous Coward · · Score: -1, Offtopic

    ok it's a troll, but it's a funny troll. I think this is how the author meant it to look, judging by the source.

    LastMeasure hits the 100000 watermark
    LastMeasure hits the 100000 watermark
    Zeikfried - Reuters, Nigeria

    In a self congratulatory press conference described by one historical analyst as to be "worth 10 Dresdens", the now world famous egalitarians of the Gay Nigger Association of America announced to the worlds press that their highly successful open source lastmeasure project has now reached over one hundred thousand homes across the world.

    Amidst a snowstorm of tickertape and parade like festivity, Penisbird, one of the founders of the LastMeasure project, screeched triumphantly from his now gold plated dong perch that the exponental growth of the sought after shock site can only continue. And even those outside the GNAAs dark skinned sphere of influence can only agree, in the face of the cutting edge "xangadot" marketing techniques applied by GNAA LM sales reps Incog, Saturn, Trake, qat, and Zeikfred Tuvai.

    The sheer ferocity of the xangadot effect has caught many by surprise, none more so than xanga spokesperson AzN_ThuG_08, who was quoted as saying "MUTHAFUCKA TAKE DOWN MAH SITE...BITCH IM LETTIN U...FUCK DIS SITE AND FUCK U TOO. I CAN MAKE A NEW ONE I GOT THA TIME u stupid muthafucka" before driving his nitroglycerin laced riced up honda into GNAA Headquarters in a suicidal and dastardly attempt to decapitate the GNAA leadership. Thankfully the 140 decibel exhaust of the now vapourised vehicle allowed the surrounding buildings to be evacuated several minutes before the atrocity took place.

    Speaking from his converted 1970's brothel, overpaid financial analyst Gary Niger told Reuters, "The effects of what has been dubbed the 'Open Source Final Solution' can be felt in almost every area of digital society. A striking example of this would be the once worthless<nobr> <wbr></nobr>.info TLD being re-energised with a huge cash and semen injection from the GNAA LastMeasure project, punctuated by Netcrafts recent confirmation that the GNAA has now gained a massive controlling stake in<nobr> <wbr></nobr>.info over the course of the past 2 months".

    Can this momentum continue? Or has LastMeasure reached its unsurpassable xenith, with the only way left down? GNAA President timecop refused to comment, instead choosing to bathe naked in a pool of Yen laughing insanely. The future seems bright.

    About LastMeasure:

    A primitive version of LastMeasure was concieved by Penisbird of the GNAA after playing with an AIM utility named AIM Invader. It offered Penisbird a myriad of ways to crash AIM clients. By far the most powerful crash was the "last measure" crash, which would inundate an AIM client with file transfer requests, buddy list sends, messages full of smileys and colors, until the AIM client crashed due to lack of RAM.

    The LastMeasure site originally consisted of Penisbird, Goatse, Tubgirl, Lemonparty, and Shitfaced Lady. But has expanded to include many other of the internets treasured icons. And with the addition of StatsMeasure, the clipboard data of thousands of unwitting victims has now been exposed for the world to see.

    For more information about LastMeasure, visit the official website, LastMeasure.com

    LastMeasure is licensed under the BSD Version 2 License.

    About GNAA:
    GNAA (GAY NIGGER ASSOCIATION OF AMERICA) is the first organization which gathers GAY NIGGERS from all over America and abroad for one common goal - being GAY NIGGERS.

    Are you GAY?
    Are you a NIGGER?
    Are you a GAY NIGGER?

    If you answered "Yes" to all of the above questions, then GNAA (GAY NIGGER ASSOCIATION OF AMERICA) might be exactly what you've been looking for!
    Join GNAA (GAY NIGGER ASSOCIATION OF AMERICA) today, and enjoy all the benefits of being a full-time GNAA m

  3. Re:Sounds like sour grapes by Moofie · · Score: 0, Offtopic

    "It's not OK in the United States."

    Unless you're a Republican. And then it's the Democrats' fault for telling on you.

    --
    Why yes, I AM a rocket scientist!
  4. Re:Ok, who's the wise guy? by Anonymous Coward · · Score: -1, Offtopic

    Sorry, but your delivery and timing were off.