In the "If you can't beat 'em, join 'em" department, MySpace launched a feature that lets users import interests from their Facebook profiles to give MySpace pages a broader stream of entertainment content.
The faltering social network is relaunching as a multimedia platform aimed at Gen Y. It's a radical departure from the format that made it the world's largest social network -- before Facebook stole that crown and ran with it. The new MySpace takes more of a portal approach.
Facebook on Wednesday said it has revamped its so-called 'Groups' feature to make it easier for members to send messages to subgroups of friends, instead of messaging either one person at a time or everyone on their friend list.
Is MySpace friending Facebook? The social network, which has changed its appearance to look more like Facebook, is also cozying up to its rival in another way: Its users can now sync their MySpace posts to Facebook.
Disney is snapping up social networking games developer Playdom in a deal worth up to $563.2 million, it announced Tuesday. The transaction, will bolster Disney's digital gaming lineup and give it a greater presence on such social networking sites as Facebook and MySpace.
MySpace co-President Jason Hirschhorn has resigned. This is the second change at the top in less than six months at the struggling social network owned by News Corp.
Facebook has been sending personal information to online ad companies without users' consent. Facebook says it was a "loophole" that has now been fixed.
Things may be even worse than they seemed at News Corp.'s foundering social-media network MySpace, whose online press kit boasts it has 100 million active users -- but who may be much closer in number to 18 million, and falling fast.
The purchase of investment blog Abnormal Returns by Twitter-like Stocktwits may signal a new trend in online finance: It's called the real-time Web. Investors can get an instant snapshot of the sentiment of other investing pros by joining an immediate and constant online conversion.