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Stock impact report

Myspace apologizes after losing 12 years' worth of music [CNN]

News Corporation - Class B (NWS) 
US:NASDAQ Investor Relations: investors.newscorp.com/investor-relations
Company Research Source: CNN
Myspace apologizes after losing 12 years' worth of music It has nevertheless been in decline for years, failing to compete with other leading social media and music-sharing platforms including Facebook and YouTube In 2009, the platform employed approximately 1,600 people. It now has a staff of 150, according to the company website. Andy Baio, a tech expert and former chief technology officer of crowdfunding platform Kickstarter, warned that the music of up to 14 million artists may have been lost. The exact number of tracks lost has yet to be confirmed. I'm deeply skeptical this was an accident. Flagrant incompetence may be bad PR, but it still sounds better than "we can't be bothered with the effort and cost of migrating and hosting 50 million old MP3s." March 18, 2019 "Myspace accidentally lost all the music uploaded from its first 12 years in a server migration, losing over 50 million songs from 14 million artists," Baio wrote on Twitter. CNN has contacted Myspace's data protection Show less Read more
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