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MySpace Founder Says News Corp Purchase Was A Scam

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We always thought the ubiquitous Tom was the founder of MySpace. He’s everyone’s first friend on the site, but apparently Tom was just the public face. The real founder was Brad Greenspan, at least according to Brad Greenspan. What’s more Greenspan says the sale of MySpace to News Corp. was a criminal act, accomplished by hiding the value of the site from Intermix Media’s shareholders.
He’s written a nine chapter “report” on the deal, and is calling on regulators to investigate—and eventually unwind—the deal. (Hint: not going to happen.) We’ve just skimmed the report, and it comes off a bit overheated. But we suppose finding out that the company you once ran might be worth $15 billion a few months later would get anyone heated up.

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