Rupert Murdoch On MySpace: 'We Screwed Up'
Rupert Murdoch is not a man who likes admitting failure, but the media mogul admitted to a pretty big mistake on Thursday.
Using his Twitter feed, Murdoch addressed News Corp.'s ill-fated purchase of MySpace, the social networking site that he bought for $580 million and sold just six years later for $35 million. Murdoch didn't mince words, either:
Can we expect a similarly blunt assessment of the phone hacking scandal? We'll just have to wait and see.Some of Murdoch's first tweets: