The once mighty social network MySpace has fallen very far from grace. The site was sold to Specific Media in June for $35 million which is much less than what former parent company News Corp. paid for it. One of the most shocking aspects of the MySpace sale is that Justin Timberlake is on board as the creative director. His presence will help reform MySpace into a lucrative music destination.

This should probably go without saying, however it is never a good idea to brag about a crime that you have committed. Of course, that being said, its probably a smarter idea to not commit the crime in the first place. But as we often see, that rules is broken quite often. Anyway, those who more »

News Corp. has finally found someone willing to take the failed social network off its hand. It has been confirmed that MySpace has been sold to Specific Media, an online advertising company for $35 million. This acquisition will also result in a lot of layoffs. MySpace’s current CEO, Tim Vanderhook will leave the company in two months.

Remember Friendster? An early entrant in the social networking game, the site was purchased in 2009 for $40 million by a Malaysian payment company and is now looking to take the site in new directions. To make way for the new directions, all data will be wiped at the end of May. What new direction? more »

Who says Myspace is dead? Not content with being the go-to for bands and pervs, the company has launched a new beta site and is rebranding. The new message: “a space where people can express themselves, enabling users to personalize the logo and make it their own – just as they can throughout Myspace.” That’s more »

Take you Facebook friends with you off-line with this new concept from artist and grad student Benjamin Lotan. The service, Printing Facebook, culls your friends photos and prints them on 20″x40″high quality photo paper for just $20. The result looks pretty cool. The photos are optomized to fill up the space on the poster, so more »

Working from the cloud is not only convenient but is becoming serious business for a lot of companies and that one of them is now Verizon. Available today in the Android Marketplace and Blackberry App World is V Cast Media Manager – long name, lots of goodies. For a mere $2.99 per month ($36/year), Verizon more »

I never thought I’d see the day, but MySpace is now allowing its users to sync up their posts to Facebook. Way to give up on your baby, Tom. Facebook users will now be able to see their friends’ MySpace items without ever having to leave the wonderful world of Facebook. Oh how the mighty more »

Each and every one of us have had some embarrassing moments in their life, right? On some of these said moments, friends might have decided to chronicle them with a camera. As embarrassing as these moments might be, they somehow make their way onto our social networking channels representing us to the rest of the more »

The 2010 American Customer Service Index is out. It surveys over 70,000 people to measure their satisfaction with a variety of businesses and websites. This year, Facebook came in almost dead last, with only MySpace fairing worse. That’s right, according to the survey people like the IRS site better than Facebook. The most common complaints more »