A Short History Of MySpace
MySpace is a social networking website offering an interactive, user-submitted network of friends, personal profiles, blogs, groups, photos, music and videos internationally.

The founders of myspace are Tom Anderson and CEO, Chris DeWolfe. They decided to make a website with a whole new idea to be social!
In July, 2005 Myspace was sold to fox for $580 million.
It is headquartered in Beverly Hills, California, USA, where it shares an office building with its immediate owner, Fox Interactive Media; in turn, the owner of Fox Interactive and therefore MySpace, News Corporation, is headquartered in New York City.

The MySpace Web site hosts millions of pages, with new users signing up in droves. One industry poll claimed that MySpace had 12 billion unique page views in Oct. 2005, twice that of Google's 6.6 billion.
On August 8, 2006, search engine Google signed a $900 million deal to provide a Google search facility and advertising on MySpace.

References & More About Myspace
Mark Lacter on L.A. Business Wikipedia - MySpace