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 | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |