Justin Timberlake Buys a Piece of MySpace

Pioneer social networking site MySpace was just sold for $35 million, and now its buyer has recruited Justin Timberlake to help revive it. The pop star and actor has accepted a stake in the company, as well as an office and even a small staff. This move is just a bit ironic as he recently portrayed Sean Parker, founder of Napster and an investor in Facebook, in The Social Network.

The new owners, called Specific Media, will be working with Timberlake to focus on MySpace’s potential as an entertainment network. Timberlake reportedly expressed a strong interest in using it to help connect musicians and fans. It is unknown exactly how much money he invested in the site.

Timberlake released this statement about his new stake in MySpace: “There’s a need for a place where fans can go to interact with their favorite entertainers, listen to music, watch videos, share and discover cool stuff and just connect … MySpace has the potential to be that place.”

Can MySpace be restored to it’s once former glory? Let us know what you think in the comment section.

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