myspace

Let's cut to the obvious irony of this news: in The Social Network, Justin Timberlake played a web-savvy entrepreneur who kickstarted a unfathomably successful...

Ita s something that many have known was coming for some time, seemingly mostly the users, that the demise of the revolutionary social media site, MySpace was nearing.

How bad is it?

Many sources are confirming that News Corp is cutting 50% of the current MySpace workforce, and is rumored to be...

Facebook's growth, it seems, is limited only by the scope of Mark Zuckerberg's ambition. It began as a social networking site trying to keep up with MySpace, but Facebook is now circling its own orbit.

News Corp. said its fourth-quarter net loss hit $203 million following a write-down from MySpace, while operating profit was slightly worse than it predicted.

There's no escaping it: News Corp had a rough quarter.  Rupert Murdoch thinks times will be tough for a while, too.  But even as the media giant posted some bad numbers, it turned out that at least a couple of its online properties are working well, with MySpace and WSJ.com making impressive amounts of money.

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Things aren't looking too bad for MySpace right now in the financial department.

As the economy is in a shambles, MySpace seems to be one of the businesses poised to overcome it and actually see growth.

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It seems Facebook is all the rage, and MySpace is so over.

At least that's the impression you'd get perusing news articles about them.

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