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MySpace = Hollywood; Facebook = Silicon Valley June 28, 2007

Posted by David Card in Media.

More “proof” that MySpace is Hollywood and Facebook is Silicon Valley:

    I’m told that MySpace founders Chris DeWolfe and Tom Anderson have made a very aggressive (some would term it rather fanciful) compensation proposal to owner News Corp for when their contract is up in October. They’re asking Peter Chernin and Rupert Murdoch for a 2-year deal worth $50 million total.
    Obviously, we all want to sell, at least some of the equity. But Mark owns the whole thing and he’s a crazy kid. He doesn’t let us in on his ideas, and all he cares about are the users.”

Regardless of whether either of these are true, it’s the topic and tone that tips you off.

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