myspace

According to reports, MySpace has been sold by News Corp to advertising network Specific Media for an estimated $35 million. The total sum is apparently a mix of stock and cash, with News Corp holding on to about 5 per cent of MySpace. Unfortunately ... for MySpace staff, the move won't be a happy one. The deal between News Corp and Specific Media is reportedly contingent on MySpace cutting half of its 400 staff members, meaning that layoffs should come down hard by the end of this week. It's likely MySpace management, like CEO Mike Jones, will stay on for an interim period to help with the ... (view more)

A day after Facebook denied rumors that it would be shutting down permanently March 15, 2011, it appears social networking rival MySpace may actually be headed towards oblivion. The company recently announced it will lay off nearly half of its ... current workforce. The 2010 movie "The Social Network" chronicles Facebook's rise from dorm room novelty to global phenomenon. If you didn't know better, you'd think Facebook CEO Mark Zuckerberg started the whole social networking phenomenon. But before Facebook there was MySpace, which was drawing hundreds of thousands of members long before Zuckerberg ... (view more)

Like Facebook before it, MySpace has been accused of privacy violations by sharing user details with third-party advertisers. The new story, published in the Wall Street Journal (WSJ), came after claims the newspaper had kept the article under wraps ... for business reasons. The claims about MySpace are similar to those involving Facebook. For example, last week it was reported that the companies behind games and other add-on applications on the site were sharing user data with advertisers, a breach of Facebook rules. Facebook itself believes this was done inadvertently through a technical ... (view more)

At one time, MySpace was the dominant social networking site on the web, a pioneering force that allowed users to create and regularly customize their own web pages. With the advent of Facebook and micro-blogging site Twitter, however, MySpace's ... popularity continues to dwindle, and now CEO Owen Van Natta's recent decision to leave has left many wondering what lies ahead for the troubled firm. According to a report from MySpace parent company News Corp., Van Natta has announced that he will be resigning his seat as CEO of the social networking site after just ten months in the position. For ... (view more)

Is manipulating a teenager with obvious self-esteem issues to the point where they commit suicide tantamount to a criminal offence? Not so, it seems, given that a federal judge has overturned the misdemeanor guilty verdict handed down to Lori Drew ... last year. Known as the "MySpace Mom," Lori Drew made headlines worldwide during the suicide investigation of Megan Meier, a 13-year-old who hung herself in Missouri a few years back. Investigators soon uncovered a complex web of deceit that pointed back to Drew, who, angry with Meier for having picked on her daughter Sara, created a fictional ... (view more)

Microsoft's highly anticipated Windows Mobile application store has yet to launch, but the company has effectively stirred the tech market into a frenzy with the recent unveiling of several notable supporting developers at the CTIA Wireless trade ... show in Las Vegas yesterday. (Source: pcmag.com ) The list includes a number of recognizable names for anyone with a computer or a game console. Among the most notable developers currently working on apps are news and weather networks: Accuweather.com Associated Press CNBC Video game developers and retailers: Electronic Arts (EA) Mobile Gameloft ... (view more)

The man who once dubbed himself the 'King of Spam' is finding unsolicited messaging isn't always a cheap form of advertising. A court has ordered him to pay $6 million in damages and legal fees to MySpace. Scott Richter has already announced he ... won't appeal the award, which is just 5% of the $120 million that MySpace requested. Last month a court awarded the company a record $230 million against two men who'd sent almost 750,000 messages to MySpace members. Unfortunately, the pair no-showed the court date and went into hiding without paying the fine. Richter's fine could have been ... (view more)

MySpace debuted a new homepage on Wednesday as part of a redesign that will be launched in phases through the fall. The new layout is concerned with four major areas in addition to the homepage, including easier navigation, a new profile editor, ... tabbed search and the new MySpace TV. (Source: techcrunch.com ) Possibly taking its inspiration from Google, the new MySpace homepage has simplified navigation with five links in the left hand corner (Home, Browse, Find People, Forums, Music and MySpace TV) and a drop-down menu to supply the new links. Part of the redesign will also be a more ... (view more)

Facebook has made a deal with state attorney governors to better protect child members from online predators. The site is developing a system to ensure new members are telling the truth about their age, and they'll also add in an automatic warning ... to under-18s whenever they are about to give personal information to an adult. In addition, they'll crack down on members who change the date of birth listed on their profile. As with a similar agreement made earlier this year by rivals MySpace, only Texas decided against signing-up. It's not yet clear why they've opted out this time, but in the ... (view more)