Short answers, pulled from the story.
MySpace launched on the 1st of August 2003 after a group of employees from eUniverse built the platform in ten days. Brad Greenspan oversaw the project while Chris DeWolfe served as CEO and Tom Anderson took the role of president.
News Corporation purchased MySpace for $580 million in July 2005 when the site hosted 16 million monthly users. The company tripled its value within one year of this acquisition.
On the 18th of March 2019, it was revealed that Myspace lost all user content from launch until 2015 due to a botched server migration. Over 50 million songs and twelve years worth of content were permanently destroyed during this event.
Specific Media Group and Justin Timberlake jointly purchased the company for approximately $35 million on the 29th of June 2011. CNN reported the sale price was far less than the $580 million News Corp paid in 2005.
Facebook overtook MySpace in Alexa rankings for the first time on the 19th of April 2008. By May 2009, Facebook surpassed MySpace in unique U.S. visitors.