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BEVERLY HILLS, California â. Singer, songwriter, and actor Justin Timberlake, who was a co-owner of Myspace, reportedly sold his shares of the company to a fan for one dollar yesterday afternoon.
In 2008, however, Facebookâs massive growth made it the new king of social networks, and MySpace never recovered. News Corp. sold the property to a company called Specific Media in 2011 â for a mere $35 million.