Once the top Internet social network, MySpace has announced that it will cut 500 jobs, nearly 30% of its US staff. MySpace has been badly hit by the growing success of Facebook. The company named a new CEO, Owen Van Natta, last April.
MySpace owner News Corp. announced on Wednesday that cofounder and chief executive Chris DeWolfe will step down "by mutual agreement". In 2003 DeWolfe helped launch the social network, which News Corp. acquired in 2005 for $580 million.
MySpace confirmed on Tuesday the identification of 90,000 users as registered sex offenders over the past two years. They have been removed and blocked from the online networking website owned by Fox Interactive Media digital division.
A US court sentenced spammers Sanford Wallace and Walter Rines to pay a 230-million-dollar fine to MySpace, after the two were accused of sending 725,000 emails to site users, some with links to adult material.
With violence spreading to Tripoli and fears of a civil war brewing, Lebanese bloggers are diffusing information on their sites with news, polls, and even humour.
