News Corporation Sells MySpace for $35 Million, Now What? [Op-Ed]
![News Corporation Sells MySpace for $35 Million, Now What? [Op-Ed]](http://www.blackweb20.com/wp-content/themes/blackweb20/thumb.php?src=http://www.blackweb20.com/wp-content/uploads/2011/06/myspace-480.jpg&h=235&w=600&zc=1&q=95)
MySpace finally sold for $35 million dollars to advertising network Specific Media. Starting out essentially making a name for what social networking is today, MySpace was one of the most popular online destinations in the mid 2000s; that is until Facebook came and reined on their parade. But now what? It’s sold, in someone else’s [...]
Read MoreMySpace Eliminates 30 Percent of its “Bloated” Staff
MySpace, a division of Rupert Murdoch’s News Corporation, announced that it has cut 30 percent or approximately 400 people from its payroll in effort to return to a “startup culture.” The layoffs will reduce the number of MySpace employees to around 1000.
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