BUSINESS WEEK -- Dec 16 -- Brad Greenspan started his first business from his dorm room at UCLA and helped launch MySpace in 2003. Today he's backing video based social network site Vidilife, MySpace for the video crowd. Traffic has been promising so far: 220,000 unique users in October, six weeks after launch in September. A far cry from MySpace's 24.3 million unique users but not bad for a site with no marketing. Greenspan was forced from the company he founded, eUniverse, only months after he spent $1 million to finance MySpace's launch. Greenspan battled with board members, who changed the company's name to Intermix Media shortly after his departure. Among the disputes: restated earnings during his watch that prompted an informal Securities & Exchange Commission accounting investigation (now closed) and a temporary delisting of its stock by NASDAQ. Separately, both the company and Greenspan settled charges with New York Attorney General Eliot Spitzer in September that they inserted spyware on unknowing consumers' Web pages. Neither admitted guilt. Greenspan twice tried to retake his company in proxy battles, including a futile gambit in September to trump a $580 million bid by News Corp. He made $47 million from the News Corp. acquisition.
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