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An effort to restructure MySpace into a more innovative and entrepreneurial business results in News Corp ordering layoffs of 30% of the social network's staff this week, approximately 400 employees. MySpace has seen nothing but bad news lately...

By the powers vested in me by the blogosphere I hereby declare this MySpace Charity Week! I urge everyone (who still has an active MySpace account) to login for a few minutes and post a bulletin, a few recent pictures or say hello to a friend you haven't spoken to in a while. The "Forgot your password?" link may come in handy.

According to the latest comScore data Facebook is now the number one social network in the U.S., surpassing MySpace by just over 20,000 visitors in May. Data released today from comScore shows Facebook received...

Last week an article discussing Twitter's lack of loyalty stated that this was not an issue for Facebook or MySpace. Well at least for the latter there seems

Some promising news from the MySpace camp comes with the pending acquisition of the number one music application on Facebook, iLike. The deal is set to close around $20 million and puts Facebook in an uncomfortable position, with it's number one social media competitor owning one of the top applications on the Facebook platform.

While brown-nose Sandy in accounting is Tweeting about how much she loathes her supervisor and Steve from procurement is boasting to his friends on Facebook about the new position he was offered at P&G, Edward in IT is scanning MySpace to make sure no drunken photos...

The U.S. Department of Defense (DoD) is considering blocking all access to social networking sites such as Facebook, Twitter and MySpace. The concern is that these platforms "make it way too easy for people with bad intentions to push malicious code to unsuspecting users," says a U.S. Strategic Command (Stratcom) source.

Since the birth of the World Wide Web companies large and small have been playing the domain name game; trying to come up with a killer domain that appropriately reflects their brand or creatively spinning...

...she goes on to say (frame 2:28) that social networking sites are "contributing to identify theft because [they] do not ask to verify someone's identity before they create a profile." While most social networks have strict policies on impersonations...

Digital Sky Technologies, a Russian investment firm that recently purchased a 2% preferred stock stake in the Facebook social media company is looking to acquire an additional $100 million in common stock shares. The $200 million agreement in May of this year valued Facebook at approximately $10 billion.