MySpace Loses Traffic, News Corp Loses $100M November 6, 2009
Posted by admin in : Social Networking , trackback
has declined substantially and has dropped below the level required
in parent company News Corp’s the-year $900 million dollar
advertising deal with Google. Initial estimates by News Corp.
executives put the penalty at roughly $100 million. MySpace intends
to focus on its core strength, which is the millions of artist pages
on its site, to remain relevant in the social networking space
dominated by Facebook and Twitter. FULL ARTICLE @ WIRED
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