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 [...]

Facebook chief revenue officer Owen Van Natta leaving company
Leading social networking service on the web Facebook has announced that their chief revenue officer Owen Van Natta is leaving the company.
He had been working at Facebook for more than two years.
He was also the chief operating officer at one point of time and was a [...]