Rupert Murdoch On Facebook IPO And MySpace “Screw-Up”
Rupert Murdoch has really taken to Twitter since joining the social microblogging service recently. He’s not one of those high profile execs that joins and tweets once every two months. He’s on there about every day speaking very candidly about the media industry, picking fights with Google and acknowledging News Corp.’s screw-ups.
With reports that Facebook will file its IPO documents this coming week (maybe as early as Wednesday), he’s now talking about that (and again, the MySpace screw-up).
Facebook a brilliant achievement, but $75-100bn? Would make Apple look really cheap.
Nothing wrong with MySpace price. Just our totally screwing up every way. Agree Facebook revenues will zoom, but still Apple cheap.
Speaking of MySpace screw-ups, here’s what he said a couple weeks ago:
Many questions and jokes about My Space.simple answer – we screwed up in every way possible, learned lots of valuable expensive lessons.