myspace was sold to Rupert Murdoch for $580 million dollars. From a piece of shit site...well still a piece of shit site but now Murdoch owns it and Tom is a millionaire.
/\ I do think it's somewhat pointless when random people want shitloads of friends, but it's one AWESOME marketing tool.
Check out my band's page (link in my sig) - we have loads of friends on there now, we premiered a clip of an exclusive new song on MySpace a few days ago as well.