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 for 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.
Between Read More
The Social Network
Myspace and Facebook are going to make a joint announcement today — an unprecedented event in the history of these once-competitive rivals.
The invitation, reported by Mashable’s Ben Parr, doesn’t say much: “Please join us for an invitation-only announcement by Mike Jones, CEO of Myspace, and Dan Rose, VP of Partnerships and Platform marketing, Read More
A week after running a front-page story about how Facebook was leaking users’ private data to advertisers, The Wall Street Journal has published basically the exact same story about MySpace, but neglected to give it the same fanfare in print or on the web.
Both pieces focused on the fact that these social networks Read More
The Social Network
The irony of MySpace hosting a screening and Q&A for the upcoming Facebook film, The Social Network, was not lost on the teenage audience in Union Square last night.
“This must be really weird for them, cause MySpace is like a social network too” said Amy, a 14 year old from the Upper East Side. Read More
3-2-1…blastoff? After months of anticipation (fed by Tweets, postings on Facebook, entries on the site’s blog) a new something called Virb is set to launch today.
It’s actually a new iteration of of Virb°, which was previously a social networking site (somewhere along the way it seems to have lost the degrees Read More
(Anti) Social Media
AOL sold its social networking investment Bebo last week for $10 million, after buying the company for $850 million two years ago. That transaction brings the total amount that media companies have lost on social networking sites over $1.5 billion, according to The Guardian.
News. Corp’s MySpace acquisiton is another horribly misguided social Read More
Women are more likely to be chatting it up on Facebook, Twitter and other social networking sites you’ve probably never heard of, like “Bebo.” According to data taken from Google’s U.S. Ad Planner, a site that tracks popular Web sites’ traffic, 84 percent (or 16 out of 19) of the sites they studied Read More
“I build for the lazy and stupid,” said Courtney Holt, the president of MySpace Music, this morning. He was on stage in a New York University auditorium at the New Music Seminar, discussing how the online music service formed by the world’s second largest social network and all four of the largest recording companies hopes Read More
This morning, Danah Boyd was spitting out the social media Kool-Aid at Personal Democracy Forum. “Many of us believe that technologies can be these great equalizers,” said Ms. Boyd, a social media researcher for Microsoft and fellow of the Harvard University Berkman Center for Internet and Society, during her keynote speech at the Jazz Read More