Jun 29, 2011
MySpace is a bargain
The Wrap reports that News Corp. has unloaded MySpace.com for $35 million to Specific Media. Layoffs are expected to be part of the deal. Rupert Murdoch's News Corp. bought the social network in 2005 for $580 million.
Labels:
bad decision-making,
layoffs,
myspace.com,
reporter g,
social networking,
the wrap
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