Hot Social Networking Site Cools as Facebook Grows
Posted by admin on January 12, 2011
As Facebook was negotiating a half-billion-dollar investment from Goldman Sachs recently, MySpace, once the dominant Web site for social networking, was preparing to fire nearly half its staff.
The layoffs, which cut nearly 500 employees from a payroll of close to 1,100, were announced Tuesday. The...
Filed in: Chingaderas
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