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Somewhere, MySpace Tom is Crying

Somewhere, MySpace Tom is Crying

Poor MySpace, the good idea that totally flopped. Specific Media, an ad-targeting firm, has taken the site off News Corp.’s hands for $35 million. When News Corp. purchased the site in 2005, it was worth $580 million. MySpace CEO Mike Jones will step down immediately and half of the MySpace staff has already been let go … 

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