Tag: "MySpace"
News Corp ready to sell MySpace

News Corp bought MySpace in 2005 for $580 million, when the site was the most popular social network on the internet. At this time Facebook started to gain more traction and by 2008 was the clear leader in social networking. This equated to bad timing by News Corp, and a hugely successful product by Facebook […]
Read More | ShareMySpace to lay off half their Staff

It has been reported that MySpace, will layoff half of its 1000 employees this week. The layoffs come as the social media site tries to restructure and overhaul the company in an attempt to save itself from poor financial situation. News Corporation had invested in MySapce to broaden its reach across the globe in the […]
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