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Company Profile: MySpace

Founded on: July 2003
Founded by: Americans Tom Anderson and Chris DeWolfe
Founded in: Los Angeles, California, USA
Elevator Pitch: Social networking site that allows users to create personal spaces online, with images, blogs, videos and much more. The site grew to be the biggest of its kind and was acquired by News Corporation's Fox Interactive Media in 2005 for $580 million.

Trivia: News Corp. actually acquired MySpace's parent, Intermix Media. Also, the original incarnation of MySpace came online in 1999 as FreeDiskSpace.com, changed its name to Myspace in 2000 and shut down in 2001.

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