Social network MySpace sold once againJune 30, 2011 - 13:43 AMT PanARMENIAN.Net - Social network MySpace has been sold once again. The buyer is digital-media company Specific Media, which purchased the site from News Corp. for reportedly $35 million. According to CNET News, in a statement about the sale, Specific Media CEO Tim Vanderhook said: "Myspace is a recognized leader that has pioneered the social media space. The company has transformed the ways in which audiences discover, consume and engage with content online." As part of the deal, Swisher says MySpace's staff of 400 will be cut in half, and more layoffs were on the way. MySpace was purchased by News Corp. in 2005 for a whopping $580 million as a way to help drive traffic to Fox's TV and media efforts. MySpace underwent a massive redesign last year in an attempt to shed the site's stigma of lagging behind rival Facebook. This included adding a trending topics feature, and more media on profile pages to better integrate media from other properties. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Turkey extends military presence in Azerbaijan The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops. Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skills Armenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi Arabia Pashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”. |