The owners of Myspace shared that they plan to relaunch the once-popular social media platform. Watch NBC6 free wherever you are WATCH HERE WATCH HERE"We still own Myspace," co-owner Tim Vanderhook said in a new "Myspace" documentary from director Tommy Avallone, according to People. "We are stewards of the Myspace brand at this point, and we are going to relaunch Myspace." Myspace was founded in 2003 and became one of the first major social media websites. Now, the Vanderhooks are determined to create a platform that stands out in the current social media landscape.