While every was liveblogging about the Verizon iPhone that won’t be on sale for weeks, Myspace decided to lay off 47 percent of its workforce.
Myspace still has 130 million users but no idea what to do with them.
Myspace, the social network never made into a movie, was bought by News Corp Read More
Myspace logged 54.5 million unique visitors in November and brings in $347 million in ad revenue a year.
For a growing startup, those numbers would be amazing. But for Myspace, founded in 2003, it means the end may be near.
News Corp is planning massive layoffs at Myspace, reports The Wall Street Journal. Read More