MySpace Names Van Natta CEO
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|Owen Van Natta, MySpace's new CEO|
Van Natta, whose appointment was widely expected, brings a wealth of social networking experience. Previously the chief revenue officer for Facebook, Van Natta helped engineer the $240 million investment from Microsoft in MySpace's chief rival.
That investment gave Facebook a sky-high valuation of $15 billion, a figure that has since come down considerably.
Van Natta is also a veteran of Amazon, and most recently served as chief executive of Playlist, Inc., an online music-sharing company.