@Chris and Ben Mathews
"They were squatters "
What a bunch of nonsense. How can you be a squatter YEARS BEFORE MYSPACE EVEN EXISTED? Have you never head of these little things called "past", "present" and "future"? Do you really think that an event occurring later in time can be the cause of something earlier in time?
"If they wanted to make a commercial service (this is .CO.uk) then they had 10 years to achieve it - and only 18 customers in the end. That's a commercial failure"
So what? Just because a business is unsuccessful doesn't mean that someone can come along and steal its assets. Property rights don't just vanish into thin air. What is it with brown-nosers like you who believe that the rich and famous should be above the law and allowed to treat ordinary folks and our property as if we and it all belonged to them?
"Form what I understand, (and I can't check as the site isn't responding atm) the domain wasn't being used for anything *other* than advertising."
In that case you don't understand much, and you don't need to check the site, you just needed to have been paying the slightest bit of attention to the article you are commenting on. Read the article again; it explains how the original myspace had been used for personal homepage hosting. It was a genuine business, and just because it's slowly fading away doesn't make it a fraudulent site used only for advertising because NOTHING THAT HAPPENS NOW CAN REACH BACK IN TIME AND CHANGE THE NATURE OF SOMETHING THAT HAPPENED YEARS EARLIER.
There is no resemblance whatsoever between this site, bought in good faith many years before myspace even existed and genuinely used for a real webhosting business, and a site created by someone *after* a brand becomes well-known and never used in any business, and if you can't see how different that is, you're just plain blind.