Was about to sleep when I came across a news feed that I think was long overdue. As of writing this, social networking site MySpace has been sold to the tune of $35 million to advertising network Specific Media.
MySpace CEO Mike Jones says that he is leaving the company, so will most of his staff. Though an email, Mike said;
“In conjunction with the deal, we are conducting a series of restructuring initiatives, including a significant reduction in our workforce. I will assist Specific with the transition over the next two months before departing my role as MySpace CEO.”
