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MySpace has confirmed that parent company News Corp. is looking for a way to unload its flailing social web property. MySpace’s decline has been well chronicled, but the company hit its lowest point yet when it laid off 47% of its staff yesterday. While MySpace tried to claim that its new design shows promise, the [...]

Facebook Says It’s NOT Shutting Down March 15 [UPDATED] There’s a silly rumor exploding on the Internet this weekend, alleging that Facebook is shutting down on March 15 because CEO Mark Zuckerberg “wants his old life back,” and desires to “put an end to all the madness.” [UPDATE] We have official confirmation from Facebook Director [...]