chris-dewolfe

MySpace pair get $50 million for losing ground to Facebook

Nicholas Carlson · 10/17/07 12:14PM

A News Corp. source is confirming that MySpace honchos Tom Anderson and Chris DeWolfe — the site's founders in name, if not in fact — have signed new contracts. How much did it take to keep the pair from bolting MySpace, even as it keeps losing ground to rival social network Facebook? It's been reported the pair demanded two-year deals worth $50 million each, but word is they got about half that. Even then, are they worth it? Here's a graph that will keep News Corp. investors awake at night.

MySpace platform not headed to SF — but office is

Megan McCarthy · 10/10/07 06:55PM

Rumors are swirling that MySpace will announce a platform for application developers, like Facebook's next week at the Web 2.0 Summit in San Francisco. But they're wrong, according to a source close to the company. There is a platform in the works, but it's not ready yet — delayed, like so many other MySpace tech projects. Instead, MySpace's Chris DeWolfe and News Corp. CEO Rupert Murdoch will be in town to make some announcement related to MySpace's instant-messaging client — ho-hum news — and, more interestingly, to open up a San Francisco office. Why the need to expand from MySpace's Beverly Hills digs?

Chris DeWolfe's misplaced affection

Megan McCarthy · 09/10/07 12:05PM

MySpace co-founder Chris DeWolfe may not be your friend (that's the other co-founder, Tom Anderson), but he does hold a few powerful people near-and-dear. Including, Portfolio reports, Wendi Deng, the wife of News Corp. owner Rupert Murdoch. Portfolio surmises that DeWolfe's friendship with Deng might help convince her husband to meet DeWolfe and Anderson's $50M compensation demand to stick around for another year. We think that DeWolfe has the wrong target in mind. While it might be easier for him to spend time with Deng — they're both on the board of MySpace China — we think he should be buttering up News Corp heir apparent Peter Chernin, who recent fillings revealed to be the highest paid person at News Corp.

Michael Eisner, the Web 2.0 guru

Mary Jane Irwin · 08/24/07 05:58PM

Michael Eisner, the former Disney CEO, is turning into a Web 2.0 demigod, claims BusinessWeek. Except it fails to prove any kind of new-media apotheosis whatsoever. Beyond a few cursory details about Eisner's portfolio of invesments — kid-friendly, just like Disney! — the majority of the piece details his interest in a potential acquisition of Topps, the trading-cards company. Somehow, in the perfervid imaginations of BusinessWeek editors, the right to print Star Wars and Teenage Mutant Ninja Turtles trading cards and stickers transforms into "fodder for online shows." But never mind that.

The Valley at its pushiest gathers at TechCrunch9

Megan McCarthy · 07/30/07 11:45AM


Newsweek, from 3,000 miles away, bills TechCrunch editor Michael Arrington's parties as "harder to get into than Studio 54 in its heyday." So much for the periodical's vaunted factchecking: I waltzed right in. And the scene? Last Friday's TechCrunch9 was, at heart, the same meet-and-greet that takes place several times a week somewhere between San Francisco and San Jose. Except on steroids. A reported 900 people showed up on the Sand Hill Road patio of August Capital to schmooze, deal, and — oh, yes — sucking up to Arrington in the hopes of a mention on his site.

Blender gets it wrong

Megan McCarthy · 07/17/07 05:45PM

Glossy music magazine Blender has named Apple CEO Steve Jobs to the top of the Powergeek 25, its list of the top 25 people who influence online music. We don't object to the content of the list, but we do object to the title. His Steveness is no geek! And neither are flashy MySpace founders Chris DeWolfe and Tom Anderson nor suave Youtubers Chad Hurley and Steve Chen. The only recognizable geek on there is Bram Cohen of BitTorrent, at number 19. The rest are either techies, hipsters, or businesspeople. Someone at Blender should read up on their definitions.

MySpace: The Business of Spam 2.0 (Exhaustive Edition)

Nick Douglas · 09/11/06 08:55PM

Does Trent Lapinski's exposé about MySpace (digest version here) read like a conspiracy theory? Sure. Does our boss think it's over-outraged? Sure, but you can't trust him, he believes in the lone gunman and a real moon landing. Buy the anger or not, this guest feature story is a great read for those of us who are goddamn sick of Tom, Tom, Tom.