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D: All Things Digital Conferences
Clearly, MySpace lost its way. It took on too much and wasn’t focused on core strengths. We spent a lot of time this past summer right-sizing it, doing some layoffs. We have a lot of product launches in the next few months. In terms of the strategy, It’s not about going toe-to-toe with Facebook.
— News Corp COO Chase Carey, to Paley Center’s Max Robins

