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Timberlake: Forget Facebook, I'm Backing MySpace!

6/29/2011 3:30 PM PDT BY TMZ STAFF

At least one person still believes in MySpace -- because Justin Timberlake just purchased a considerable stake in the sinking ship.

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Timberlake has not revealed how much he's invested in the company -- which News Corp. sold off today for somewhere between $30-40 million.

According to the official announcement, Justin -- who starred in "The Social Network" -- will "play a major role in developing the creative direction and strategy for [MySpace] moving forward."

JT released his own statement -- saying, "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."

Has ... had ... what's the difference?

68 COMMENTS

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1.

Bryan    

Who gives a flying F***?

1179 days ago
2.

growup    

um, he does realize no one uses that anymore and no amount of renovation is gonna make it cooler? I mean, I never say never but I really can't see what could be changed to make the interface better than facebook.

1179 days ago
3.

Ghost Rider    

Thats what I have been sayin. Wasnt it the original social network?

1179 days ago
4.

Jordan    

who is advising this guy with his money! might as well burn it!

1179 days ago
5.

Truth    

IT'S A TAX WRITE-OFF WRITTEN UNDER THE GUISE OF "CREATIVITY". WHAT A YAAAWWWNER, ZZZZZZ!! DOESNT THIS DOUCHE KNOW THERE ARE A 1000 DIFFERENT SOCIAL MEDIA SITES THAT DO THE SAME THING??? TRUTH...

1179 days ago
6.

Nostradamus    

Would have been better off buying Netflix, heck even Google is less than 500/share.

1179 days ago
7.

Craig    

Facebook sucks. I always liked myspace better for musicians but it needed soo much work. And since I'm in the minority for hating Facebook, I think jt is prob fighting a losing battle.

1179 days ago
8.

Sonja    

MySpace has always sucked.. it's a pseudo personal web page, Facebook it more of a true social network, with real time conversations and interactions, sharing.. you don't need to go look up 'code' to post pictures. MySpace is sunk and Justin is an idiot.

1179 days ago
9.

Freeon    

Yeah...Justin there is enough history about .com(s) for you to know better.

1179 days ago
10.

Jennyy    

MySpace made some changes a few months back making the site difficult to navigate and restricting user controls. You wasted your money Justin, it's going down. I deleted my page and most of my friends did as well.

1179 days ago
11.

Facebook Sucks    

People are getting bored with Facebook. Remember AOL? They were on top once too. Facebook is a fade that will be history in 10 years.

1179 days ago
12.

Selebraties Suck    

A little full of yourself, Justin?

1179 days ago
13.

MJFan4Life    

Funny, I just deleted my myspace account today. I never use it anymore. A lot of my friends have as well. Seems everyone is on Facebook these days. Hey JT, you're wastin' your money. If you wanna just throw it away, send some my way...

1179 days ago
14.

ghfghfg    

lmao omg. my heart is breaking. who knows maybe it is poppin to another generation.

1179 days ago
15.

Allison    

So.... He's bringing MySpace back....

1179 days ago
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