Site's decline blamed in part on Rupert Murdoch's loss of interest
(NEWSER) - MySpace has fallen so far that its own founders no longer bother updating their profiles, BusinessWeek finds in a detailed look at the rapid decline of the former juggernaut of social networking. Former CEO Chris DeWolfe, who founded the company with Tom Anderson in 2003, says he cringes on the rare occasions he visits his page, while Anderson's last update was in March of 2010. The site, bought by Rupert Murdoch's News Corp in 2005, has shed an average of a million users a month since its December 2008 peak. More»