News Corp is open for the possibility of Myspace's sale

It has been five year since News Corporation have spent $580 million to buy Myspace and today they, by a News Coprp representative, say that they are open for the possible sale of Myspace. The once master in social networking is truly not doing good in recent years, thanks to the social networking site behemoth, Facebook.

Myspace bows down to Facebook

Facebook and Myspace held a press conference 2 days ago. What was with that press conference? Something that is a sign that Myspace have surrendered to Facebook, "more of an official surrendering ceremony for MySpace."

MySpace closing down?

Myspace was the Facebook back in those days, but today, it's been struggling really bad in terms of getting back it's users. How bad is the situation at Myspace? Well its "Pretty bad: Not only is the social networking site losing tons of money, but the chief operating officer of its parent company wants it to rebound "in quarters, not in years.""