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MySpace Bleeding Money; News Corp Promises 'Overhaul' Soon

The category of News Corp's business that includes MySpace lost $174 million in the fourth quarter, worse than the $136 million it lost in the same period last year, the parent company said on its earnings call this morning.

Senh: I wonder if more cuts are on the way, especially if the Google deal is significantly reduced. It's still the second largest social networking site on the web. Twitter, with all its hype, is still not making much money and lower traffic.

 

Why E-Commerce Is Flourishing

Services like Groupon and TheFind.com are using social media and other online tools to lure ever more customers.

 

The Only People Willing to Pay for Twitter Are Users with over 100K Followers

The Only People Willing to Pay for Twitter Are Users with over 100K Followers

So far, I’ve only heard of two people who are willing to pay for Twitter - Guy kawasaki and Roger Ebert. If you search on Google, you’ll probably find more, but those are the only two I’ve read about. They have one thing in common - they each have over 100,000 followers.

 

Sites in Like, Not Love, With Facebook Link

Facebook's "Like" button is popping up on e-commerce sites, but these Web companies are giving access to some of their users' data to the social-networking giant.

Senh: This article does mention some stats on referral traffic from Facebook for sites using their social plugins, even though most of them are in the "we don't have enough info yet" variety.

 

Twitter Hits 20 Billion Tweets

Twitter Hits 20 Billion Tweets

There have now been more than 20 billion tweets since Twitter (Twitter)’s inception, according to tracking service GigaTweet. The milestone comes just two months after the service hit 15 billion tweets and about five months since it reached 10 billion, indicating that activity levels on the microblogging service continue to accelerate.

Senh: I'm actually not that impressed. I mean, MySpace was getting tens of billions of pageviews per month at their peak, so what's the big deal?

 

Twitter Now Suggests People You Might Want to Follow

Twitter Now Suggests People You Might Want to Follow

Twitter Will Now Suggest People You Might Be Interested In Stalking. It can be tough to find fascinating people to follow on Twitter, but now and then you'll find someone whose tweets perfectly match your interests and you'll wish there were more people like that.

 

Disney Purchases Playdom, A Social Game Start-Up

Disney Purchases Playdom, A Social Game Start-Up

The Walt Disney Company became Hollywood's leading player in the booming social gaming business on Tuesday with the purchase of Playdom in a deal valued at $763.2 million.

 

Mark Dizon, Suspected Of Killing 9, Nabbed Using Facebook

Mark Dizon, Suspected Of Killing 9, Nabbed Using Facebook

Philippine police tracked down a suspect in a series of grisly robberies and killings with the help of his Facebook account, officials said Tuesday. Mark Dizon, a 28-year-old computer technician, did not resist when arrested Tuesday while talking with his father in a public square in northern San Fernando city, police Senior Superintendent Danilo Bautista said.

Senh: Interesting how Facebook, which is probably at the height of its popularity now, is being used as a tool for law enforcement to capture criminals, while MySpace during its heyday was being used by pedophiles to commit crime.

 

Kindle's New Software Update Allows Tweeting

Kindle's New Software Update Allows Tweeting

The e-reader's introduces a new social features. PCMag takes it for a for a test drive.

Senh: Smart move by Amazon. Eventually, it'll turn into an efficient black and white version of an iPad, which isn't bad. If you're just text messaging or reading email, you don't really need color.

 

10 Largest Facebook Fan Pages

At this point Facebook gathers more than 400 million active users and that number is increasing day after day. Number of fan pages on Facebook is also increasing rapidly.

 

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