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News Corp. to sell MySpace this week

News Corp. is aiming to sell its struggling social network site MySpace this week and will likely lay off more than half of the staff, according to a person familiar with the matter. The company hasn’t selected from among several buyers yet, according to the person, who was not authorized to comment publicly and spoke… Continue Reading News Corp. to sell MySpace this week

MySpace slashes half its global staff

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Struggling entertainment site MySpace said Tuesday that it is cutting nearly half of its staff worldwide, or about 500 people, after an extensive revamp in October overhauled its look and allowed it to be run with fewer people. Mike Jones, the chief executive of MySpace, said cuts are “tough but necessary” and would put the… Continue Reading MySpace slashes half its global staff

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The social networking venue you choose apparently has a lot to do with your demographic profile. Researchers at the Neilson Co. have published a report they say shows there’s a connection between affluency and social networking choices, according to a CNN report. People in more affluent demographics were 25 percent more likely to use Facebook, while… Continue Reading Facebook or LinkedIn? It depends on how much you make

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