Stealing Myspace

There are many feel-good books about techi's hitting it big in the new economy, but apparently Julia Angwin's Stealing Myspace isn't one of them. If there's any truth to this review from the NY Times, this is more of an expose.

Here's what Publisher Weekly has to say about it:

Angwin, an award-winning journalist for the "Wall Street Journal", recounts the history of MySpace.com in this well-written, entertaining and drama-filled chronicle. From its founding by Chris DeWolfe to its surprising purchase for nearly $600 million by Rupert Murdoch and NewsCorp., Angwin takes the reader through the companys tumultuous journey to the top. Readers will learn how Eliot Spitzers spyware lawsuit nearly devastated the company and how Richard Blumenthals investigation into the sites lack of protection of minors resulted in a blindsiding public assault. An array of personalities populate the book, including Viacom chairman Sumner Redstone, Bill OReilly and Tila Tequila, who was one of the earliest to use her popularity on the site to generate a successful business. Angwin also describes the massive defection of MySpace users to Facebook and leaves the reader to wrestle with the issue of digital identity. Attesting to the depth of her research, Angwin also includes a lengthy notes section. This engrossing look at how MySpace became a media powerhouse will find a solid audience of business history, technology and entrepreneurship readers. "(Mar.)" Copyright 2008 Reed Business Information.