News Corp is reportedly putting MySpace up for sale after cutting staff by 50% this week. If there are no immediately takers, the site is expected to shut down by June. This will come as a shock to millions who thought MySpace was already gone. The site lost $100M in the fiscal year that ended last June.
Wednesday, January 12, 2011
MySpace Likely To Shutter
News Corp is reportedly putting MySpace up for sale after cutting staff by 50% this week. If there are no immediately takers, the site is expected to shut down by June. This will come as a shock to millions who thought MySpace was already gone. The site lost $100M in the fiscal year that ended last June.
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