Liz Gannes

Recent Posts by Liz Gannes

MySpace Music CTO Dmitry Shapiro Departs

Myspace Music CTO Dmitry Shapiro, who joined the company less than a year ago, has left to found a new start-up, he and Myspace confirmed late Thursday.

Shapiro, who had previously founded and led the legally challenged video site Veoh, said in a post on Facebook that his time at Myspace was “a rewarding, frustrating, eye-opening, and inspiring experience.”

His departure follows that of Courtney Holt, the Myspace Music president who left in February. Meanwhile, Myspace has been through a lot in the past year, including management shakeups, major layoffs, declining traffic and sales efforts by its parent News Corp. (which also owns this site).

Shapiro said he planned to form a new company on Monday but did not offer additional details. Myspace declined to comment on Shapiro’s departure.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work