Rupert Murdoch's News Corporation bought Myspace in 2005 for $580m. In 2006 Google signed a $900m deal to sell ads on Myspace; by 2007 it had 300m registered users and was being valued at $12bn. But the social network was subsequently crushed by Facebook, which launched a year after Myspace.
https://www.theguardian.com/technology/2011/jun/30/myspace-sold-35-million-news