MySpace Founder Claims Foul Play on

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MySpace Founder Claims Foul Play On...

By: Andy Beal
2006-10-06

Brad Greenspan, founder of MySpace.com, is seeking a federal investigation on the sale of his company (Intermix Media) to News Corp., last...

According to eWeek...

...year. On Oct. 5, Greenspan accused former Intermix Chief Executive Richard Rosenblatt of hiding revenue growth data at MySpace from shareholders to present a distorted financial picture and execute a deal quickly. Greenspan's claim contends MySpace could now be worth more than $20 billion.

It will be difficult to determine whether MySpace was truly undervalued at the time, or if it has just grown beyond expectations, since the acquisition.

Tag: MySpace

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About the Author:
Andy Beal is an internet marketing consultant and considered one of the world's most respected and interactive search engine marketing experts. Andy has worked with many Fortune 1000 companies such as Motorola, CitiFinancial, Lowes, Alaska Air, DeWALT, NBC and Experian.

You can read his internet marketing blog at Marketing Pilgrim and reach him at [email protected].


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