Myspace.com is a very popular, but now corrupt corporate site that is not as great as it appears right on the surface. There are many things you should know about Myspace before you decide to just create an account or allow a child to use this site. Myspace was owned by multi-billionaire multimedia owner Rupert Murdoch, who also owns Fox News and other media outlets through his parent companies, expanding his media business empire. Myspace had been for years a well known site reported on the news for cybercrimes, yet Murdoch took no responsibility in the security, behavior or actions of clients using this social domain. There was no secure background check for registration when he owned the site, and now it has become a site intended more for special interests. See how Murdoch took a popular social network site, profited greatly by corrupting it, and ran it into the ground.