Belfast Telegraph

Friday 19 September 2014

Is MySpace about to suffer social meltdown?

The business news is littered with the corpses of social networking websites which have been eclipsed by Facebook and Twitter, and particularly the former.

Yesterday it emerged that MySpace, a social networking site which grew big and popular on music, was swallowed up by Rupert Murdoch for £372m but has since been deserted by many users, is cutting almost half of its global workforce - 500 staff.

Meanwhile, at Facebook there is trouble ahead as the Winklevoss twins - who won a multi-million settlement from founder Mark Zuckerberg after claiming a part in inventing the site - go back to court. They want the case, which led to a £42m settlement for them and their co-plaintiff Divya Narendra, to be reopened.

The quartet's original court battle inspired an Oscar-tipped movie, The Social Network.

Could there be a sequel?

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Comment

More

Company Profiles

More

Help & Advice

More

People on the move

More