A fast-paced and deeply reported look at the unlikely success of MySpace, the Web 2.0 phenomenon, and the drama surrounding one of the biggest deals of the Internet age. Barely funded, technologically inept, conceptually derivative, and driven by rivalries, the company that was to morph into the biggest Internet site in the world had an unlikely beginning. This is the fascinating and surprising story that includes all the elements of a great business narrative: obsessive characters from co-founders Tom Anderson and Chris DeWolfe to Rupert Murdock, relentless and unlikely innovation, and dizzying back room deal-making; all centered around an epic battle for control.
Stealing MySpace
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Book Description
A few years ago, MySpace.com was just an idea kicking around a Southern California spam mill. Scroll down to the present day and MySpace is one of the most visited Internet destinations in America, displaying more than 40 billion webpage views per month and generating nearly $1 billion annually for Rupert Murdoch’s online empire. Even by the standards of the Internet age, the MySpace saga is an astounding growth story, which climaxed with the site’s acquisition by Murdoch’s News Corporation in 2005 for a sum approaching one billion dollars. But more than that, it may be the defining drama of the digital era.
In Stealing MySpace, Pulitzer Prize-winning journalist Julia Angwin chronicles the rise of this Internet powerhouse. With an unerring eye, Angwin details how MySpace took the Internet by storm by grabbing the best ideas from around the Web, encouraging pinup stars such as Tila Tequila to make their home on its pages and giving everyone freedom to experiment with online identities–including using somebody else’s identity.
Stealing MySpace introduces us to the site’s founders, Chris DeWolfe and Tom Anderson, who dabbled in computer hacking, online pornography, spam, and spyware before starting MySpace. Although their street savvy, doggedness, and clubbing skills far eclipsed their tech prowess, they stumbled their way to success and soon found themselves at ground zero of a high-stakes war that pitted Rupert Murdoch against his frequent nemesis, the combative Viacom CEO Sumner Redstone. Angwin sheds light on the dizzying backroom deals that allowed Murdoch to snatch MySpace from Viacom’s grasp even as the MySpace founders remained in the dark about their own fate. Then she takes us inside the Murdoch empire as DeWolfe and Anderson lobby furiously to regain control of their creation.
Venturing beyond the business aspects of the story, Angwin also explores the Internet culture, a voyeuristic world in which MySpace must stay one step ahead of amateur pornographers, sexual predators, and “spoofers” who set up fake profiles (Rupert Murdoch himself tolerates dozens of phony “Ruperts” on the site) and cope with the general excesses and sometimes illegal acts of a community of account holders equal in number to the population of Japan.
In Stealing MySpace, Julia Angwin dishes on the epic real-world battle for control of a virtual empire. In a savvy, smart, fast-paced narrative reminiscent of Bryan Burrough and John Helyar’s Barbarians at the Gate and Michael Lewis’s The New New Thing, Stealing MySpace tells is the whole gripping story behind a breakout cultural phenomenon.
Julia Angwin on Stealing MySpace
Porn. Hacking. Spyware. Spam. Spy cameras you can hide in your shoe.
Prior to launching MySpace, the founders dabbled in all of the above. Relentless marketers and knockoff artists, their story also included a boardroom coup, broken friendships, betrayals, litigation and a pair of feuding media moguls--Sumner Redstone and Rupert Murdoch.
When I stumbled on the history of MySpace, I quickly realized it was not your typical Silicon Valley saga. There were no computer geniuses dropping out of prestigious universities, no fancy algorithms, no computers in garages. In short: The MySpace tale was manna from journalistic heaven--I had to write it.
It was also a serious lesson about the evolution of the Internet. The success of these ragtag marketers from Los Angeles demonstrated an important change in our culture: Technology had finally become relatively easy to use. Innovation was no longer confined to the digital elites. MySpace's success was largely due to the fact that it put its customers first, and technology second.
Still, as it grew, MySpace's lack of tech savvy has been its Achilles Heel. Today, MySpace is being forced to play technological catch-up to rival social networking site, Facebook, and it's not clear if it will succeed.
The final chapter of the MySpace story has not yet been written. But the unlikely tale of how MySpace was born is one that begged to be told. --Julia Angwin
From Publishers Weekly
Angwin, an award-winning journalist for the Wall Street Journal, recounts the history of MySpace.com in this well-written, entertaining and drama-filled chronicle. From its founding by Chris DeWolfe to its surprising purchase for nearly $600 million by Rupert Murdoch and NewsCorp., Angwin takes the reader through the companys tumultuous journey to the top. Readers will learn how Eliot Spitzer's spyware lawsuit nearly devastated the company and how Richard Blumenthal's investigation into the sites lack of protection of minors resulted in a blindsiding public assault. An array of personalities populate the book, including Viacom chairman Sumner Redstone, Bill OReilly and Tila Tequila, who was one of the earliest to use her popularity on the site to generate a successful business. Angwin also describes the massive defection of MySpace users to Facebook and leaves the reader to wrestle with the issue of digital identity. Attesting to the depth of her research, Angwin also includes a lengthy notes section. This engrossing look at how MySpace became a media powerhouse will find a solid audience of business history, technology and entrepreneurship readers. (Mar.)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved. --This text refers to an out of print or unavailable edition of this title.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved. --This text refers to an out of print or unavailable edition of this title.
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4 of 4 people found the following review helpful:
5.0 out of 5 stars
More interesting than I thought it would be,
By
This review is from: Stealing MySpace: The Battle to Control the Most Popular Website in America (Hardcover)
If Variety had a threesome with Wired Magazine and a ColdFusion manual, it would look a lot like this book. It captures a great story of an unlikely internet company (from LA no less) overachieving and does what I think is a great job of walking through the nuances that separate myspace from friendster and a lot of other companies nobody remembers.
I think this would make a fantastic movie as it highlights some over-sized personalities/egos, covers the torn friendships that often happen when startups and $$ are involved and shows how a company can capitalize on a shift in technology (digital pictures/mp3.s + broadband) before most people understand what has happened.
3 of 3 people found the following review helpful:
4.0 out of 5 stars
Finally, I get it!,
By ss in nyc (New York, New York United States) - See all my reviews
This review is from: Stealing MySpace: The Battle to Control the Most Popular Website in America (Hardcover)
A smart read that digs deep into what makes MySpace unique and why it even matters. Found the "who-dun-it" narrative to be both entertaining (lots of fun, head-shaking anecdotes) and informative (explanation of the industry and the money trail is comprehensive and clear -- even for lay people).
5 of 6 people found the following review helpful:
5.0 out of 5 stars
Excellent, rarely heard perspective on social media history,
By Ryan C. Nagy "Ryan Nagy," (Somewhere in Mexico or Central America or....?) - See all my reviews (REAL NAME)
This review is from: Stealing MySpace: The Battle to Control the Most Popular Website in America (Hardcover)
The book occasionally lapses into excruciating detail on financial and biographical detail, but it's a minor annoyance.
It is the best book on the emergence of social networks that I have read to date and contains perspective and first-person details that you cannot get elsewhere. It's good to read this book and be reminded that MySpace was initially no more than a "me to" copycat social network, that was underfunded, managed poorly and had to use second-rate used technology and used network equipment for nearly all of its early history. However, the slightly-insane founders worked like crazy 24/7, made some lucky mistakes such as a programming error that allowed users to customize their profiles (turned out to be a big hit!) and used...are you listening? - NON-internet means to help achieve critical mass - parties, networking and road tours. If you are developing a social network read this book.
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