MySpace Likely To Be Sold For Only $20 Million

According to All Things Digital, News Corp. is about to sell MySpace for an asking price as low as $20 million-$30 million. At the moment, advertising network Specific Media and private equity firm Golden Gate Capital are the two frontrunners in acquiring the one-time...

Six Fete Undre Are On Twitre

Fans of Six Feet Under can now rejoice in the fact that band leader Chris Barnes has joined Twitter. Fans of correct spelling, on the other hand, might be a little disappointed. Especially since Chris Barnes’ own name was misspelled in one of the three posts on...

MySpace Gives The Pink Slip To 47% Of Their Employees

2011 isn’t starting out so well for MySpace. PaidContent.org reports that the one-time king of social networking has cut almost 500 employees, or 47% of its work staff. In MySpace CEP Mike Jones’ statement regarding the layoffs, he mentioned the following: “Today’s...