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Will Music Lovers Care When Record Labels Go Extinct?
7:00AM 11/19/2011
Prerecorded music has been a fading industry for years, and herding struggling labels together will only make it that much easier to identify the remains. And there aren't too many people mourning major labels' passing.
MySpace Sold to Specific Media for $35 Million
11:00AM 6/29/2011
Company News, Technology, Google , Facebook, News Corp, Market News
Back in July 2005, the deal seemed so promising. Rupert Murdoch's News Corp bought MySpace parent Intermix Media for $580 million. The social media pioneer was, by some measures, the fifth most-visited website in the U.S. This week, MySpace was sold for a fraction of that amount.
Yahoo May Sell Stake in Japan Joint Venture
7:15AM 3/02/2011
Technology, Goldman Sachs , Google , Morgan Stanley , Facebook, News Corp, Yahoo
Yahoo may be considering selling off its stake in joint venture with Japanese Internet giant Softbank. What would it do with the $8 billion?
The Most Popular Social Network: Facebook
7:30PM 2/07/2011
Facebook has won the most customer loyalty, by far, out of all social media sites, according to the latest Brand Keys's Customer Loyalty Index. The network easily outperformed News Corp.'s MySpace, Twitter and others.
News Corp. 2Q Earnings Double: Will Company Sell MySpace?
6:30PM 2/02/2011
News Corp. more than doubled its earnings for the fiscal second quarter, the company announced Wednesday. Part of the gain comes from a settlement charge a year earlier, which dampened year-ago earnings on a one-time basis. The company also is considering selling MySpace.
Social networking pioneer MySpace could find itself going solo again soon. Its owner, News Corp, is considering a potential sale or spin-off of the social network as it looks for a way to stem the tens of millions of dollars in losses it's taking from the unit, according to a Bloomberg report.
MySpace May Face Huge Layoffs
6:45AM 1/04/2011
MySpace, the floundering social network site, may be on the verge of massive layoffs.
In 2010, One Site Ruled Them All: Facebook
7:30AM 12/30/2010
Facebook ruled the Internet in 2010. It was both the most-searched term -- accounting for 2.11% of all searches -- and the top-visited website, attracting 8.93% of all U.S. visits, compared to Google's 7.19%.
It's hard to say if any of the fads of the past decade will be as memorable as, say, the Hula Hoop or Frisbee. But like every decade, the 2000s (which, technically, started in 2001) had its fair share of interesting trends: from risky investment strategies to inexplicable crazes over pieces of...
Twitter May Raise Money as Web 2.0 Values Soar
6:50AM 12/03/2010
Twitter is mulling a new round of funding that could value the company at over $3 billion. This news comes just as Google is in negotiations to buy Groupon for as much as $6 billion. Other large Web 2.0 companies have also been given lofty valuations as well.
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| 29.60 | -2.39 -7.47% | 23.82M | |
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% Gainers
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