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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.
The millennial generation found purpose on the Internet by way of social networking websites. All thanks to Tom. From 2005 to 2008, MySpace reigned supreme. MySpace was the most visited social networking site in the world, even surpassing Google in June of 2006 as the most visited website in the United States. At its peak, News Corp purchased MySpace for $580 million. In 2007, MySpace was valued at $12 billion.