Recently Rupert Murdoch admitted Myspace had made "some big mistakes" in the last three or four years.
The News Corporation owner bought Myspace in 2005, but it's rumoured it's now worth less than what he paid for it. Now though the site is going to be revamped in a bid to turn it into a profitable outfit.
Below is a very rare interview with the UK managing director of Myspace Christopher Moser in which he discusses Facebook, privacy issues and the future of Myspace:
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