It was a costly bet that ultimately turned into a "series of expensive lost opportunities," he said Wednesday, on stage with Carlos Slim and the Wall Street Journal's Gerard Baker.

We live in an anti-tech world, says PayPal co-founder. We put in a layer of bureaucracy.

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Murdoch said News Corp should have "had faith" in Myspace's existing management -- or replaced it entirely. VCs won't be giving startups less money.

Just last month, Murdoch made a major investment in digital real estate, which he called a very "fragmented market. Most stock quote data provided by BATS.

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Murdoch: MySpace failure was my fault - Oct. 29,

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