MySpace implodes, cuts 47% of remaining employees

As Facebook continues to grow, MySpace.com has been forced to cut 500 employees - a number which accounts for 47% of its current staff.

Myspace: "We respect our users' privacy"

People are running away from Facebook as though it was just infected with a zombie virus or something. Analysts are saying that user privacy is becoming less and less of a concern, and Mark Zuckerberg is doing nothing to calm everyone down. There's just no winner in a situation like this. Oh wait...

MySpace CEO quits after less than a year

He probably hardly had time to update his profile, but MySpace CEO Owen Van Natta is to leave the company after less than a year in the job.