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News Corp announces MySpace to miss revenue target - Murdoch to bail?

tech.blorge.com » 2008 » May » 8th » News Corp announces MySpace to miss revenue target - Murdoch to bail?

Tagged: announcements, internet, social networking, opinion, web2 0, myspace

In terms of traffic, popularity, and general buzz, social networks such as MySpace, Facebook and Bebo are doing phenomenally well. However, making them a profitable venture still seems to be a hard task, as News Corporation, the owners of MySpace have now found to their cost. News Corp has warned that it will fail to hit this year’s revenue targets for MySpace by about 10%. The targets set were … Continue Reading »

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