|
MySpace
CEO and co-founder Chris DeWolfe says, “Slingshot
is a testament to News Corp’s commitment
to foster fresh ideas and to build the next
generation of web successes. The entire
News Corp family will benefit with an autonomous
arm focused on bringing new internet business
ideas to life.”
Slingshot Labs will employ a portfolio approach
to the development and launch of businesses,
and plans to nurture four to five ventures
per year. Businesses ranging from stand-alone
web destinations to social media applications
will be developed within Slingshot, and
have dedicated product and development teams
tasked with building each new venture. The
company will offer employees the opportunity
to participate in the value created in each
of the new ventures it develops, a compelling
offer to help attract top entrepreneurial
talent.
| 
