“MySpace was a good acquisition at one point… but the truth of the matter is they were not able to sustain or be competitive with other companies, notably Facebook. They weren’t able to be competitive because News Corporation knows nothing about technology.”

“When mainstream, traditional media companies buy technology companies they don’t do very well - often they do terribly, and often they collapse.” – Michael Wolff, author of the Rupert Murdoch (owner of News Corp.) biography