Rupert Murdoch Admits He Screwed Up MySpace

Media baron, professional evil white guy archetype, and technologist Rupert Murdoch recently took to Twitter regarding his company's historically awful purchase of MySpace. So, what they do wrong? Literally everything.

Luckily, Murdoch — who can't even properly format the name of the company he bought for $US580 million and watched crawl into the abyss of history — "learned lots of valuable expensive lessons". Emphasis on the latter. [Twitter via The Atlantic Wire]

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