We broke the news that News Corp.
was looking to replace founder and CEO Chris Dewolfe on Tuesday.
Reaching out to her, Tom and Dewolfe convinced Tequila that she would have no such problems
on their new social media site.
Shortly after launching the site, team member Chris Dewolfe suggested that they start charging a fee for the basic MySpace service.
Dewolfe agreed with Tom that this could potentially be a lucrative venture
and the pair quickly set about finding a name for the site.
On Wednesday News Corp.
issued a short press release that Dewolfe was leaving
and that cofounder and president Tom Anderson would be moving to a new role.
When this snafu was discovered, while steps were taken to mitigate some of the security problems this could have introduced,
Tom and Dewolfe came to appreciate how allowing users
to do this fit into the site's ethos of letting people express themselves any way they wanted.
(As an interesting aside, in February of 2005, Dewolfe even turned down Mark Zuckerberg's offer
to sell Facebook to MySpace for a mere $75 million… It's also fascinating to note that Friendster likewise turned down an offer to merge with MySpace not long before Friendster's ultimate decline into oblivion.).