
News Corp. Chairman and CEO Rupert Murdoch used Twitter to tweak Facebook on the eve of the first anniversary of its initial public offering, comparing Facebook to ill-fated social network MySpace.

News Corp. Chairman and CEO Rupert Murdoch used Twitter to tweak Facebook on the eve of the first anniversary of its initial public offering, comparing Facebook to ill-fated social network MySpace.
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Once a rival and competitor to Facebook, the downward spiral of MySpace is no longer the problem of News Corp., or its Chief Executive Offficer Mike Jones, following Wednesday’s announcement that the social network was acquired by digital media outfit Specific Media.

Facebook’s continued growth in Germany at the expense of Studiverzeichnis, or StudiVZ, looks a lot like how MySpace has been declining.