MySpace announces a major job cut
Rumours were true. MySpace has announced that they are cutting its staff by 30 percent.
The aim is to cut costs as it struggles to compete with rivals like Facebook and even Twitter.
After this cut, the company would end up with just around 1000 employees. Still a large number [...]

MySpace now offering targeted advertising program
World’s most popular social networking portal MySpace.com has announced the launch of their own targeted advertising platform.
Considering the huge network of user base they have, the company has access to large amount of personal details of their visitors which could help them sell more advertising.
MySpace said that advertisers can place [...]