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More Bad News for MySpace

myspacelogoBy Danny Brown

In a move that won’t surprise as many people as it would have this time last year, Fox Interactive Media has announced it will be cutting its workforce by as many as 100 jobs. Fox is the parent company of social network site MySpace as well as Photobucket and various mobile sites.

The move, which accounts for 5% of employees across the board, is another sign that MySpace and Photobucket are falling increasingly behind in the social networking battle. With Facebook and Flickr taking away much of the core audience of Fox Interactive’s babies, the signs aren’t good for Tom Anderson and his friends.

But is it such a surprise?

Dear Twitter, I’m the Type of User You Can Make Money From

Can you imagine how much more than $250 million Twitter would be worth if it ever figures out a revenue model?

I suspect the micro-blogging service must have something up its sleeve, otherwise why would a venture capital firm reportedly dump $20 million into the company–giving it the $250M valuation?

Personally, I hope Twitter can find a way to support itself, before the money runs out. It’s no coincidence the company is seeing incredible growth, the service is becoming an invaluable tool for communication. Heck, some people are even suggesting that it’s becoming an alternative channel for bloggers.

Just the other day, I considered how I communicated with friends and peers before the advent of Twitter. For me, Twitter has become a valuable tool for three reasons:

Twitter Mania Takes Hold in the UK

By Peter Young

According to Hitwise data released on January 21st this year, Twitter usage in the UK has increased 10 fold in just 12 months – with celebrities such as Steven Fry, Jonathan Ross, John Cleese and Richard Branson even joining the ever increasing list of Twitterers. This follows hot on the heels of Hitwise announcing Twitter usage has overtaken that off Digg in the US.

Facebook Twice as Big as MySpace?

At the rate Facebook has been growing these past two months, it shouldn’t surprise anyone that Facebook gets more traffic than MySpace. comScore’s latest report, however, claims that not only is Facebook bigger than MySpace, it’s twice as big!

Facebook vs MySpace

This comScore chart shows that in November, Facebook began pulling ahead of MySpace thanks to their 200 million unique visitors that month. Caroline McCarthy from CNET highlights a statement from MySpace regarding comScore’s findings:

We are laser focused on building a sustainable global business which we measure by profits and revenue–not just eyeballs. In a tough economic climate, our international revenue is up 30 percent year over year and we continue to focus on those markets with the strong monetization opportunities.

How to Watch the Presidential Inauguration Live…Even from Your iPhone!

Yeah, I know that everyone’s going to be obsessed with the President Elect Barack Obama’s inauguration today. In case you’re not able to make it to the event, social media has come to your rescue!

You can watch the presidential inauguration live over at UStream–or stay here and watch it on the embedded video feed below.

If you happen to be away from your computer, download this neat application to your iPhone and you can watch the live video feed from wherever you happen to be!

Are Internet Threats to Minors Overblown?

A new study from the Internet Safety Technical Task Force (ISTTF) suggests that Internet threats faced by minors are overblown. According to the study, Internet and social networking sites aren’t as dangerous as we all think they are. Clearly Chris Hansen from NBC’s To Catch a Predator needs to give them a call.

I really don’t understand the merit this study has (or the point of it, for that matter). The report says, “Minors are not equally at risk online.┬áThose who are most at risk often engage in risky behaviors and have difficulties in other parts of their lives.” I feel like we need Seth and Amy to break into a “Really?!?” session.

Since they’re not here, I’ll do it for them!

AOL Refocuses, Creates Two New Divisions

The New AOLIt seems like just yesterday I was using AOL for all of my Internet needs. Now as AOL continues to hang on by tooth and nail, they are forming to new divisions: People Networks and MediaGlow.

The People Networks division is pretty straight forward. Its primary focus will be AOL’s media properties Bebo and AOL Instant Messenger (does anyone still use a single IM client?).

AdWeek reports that the MediaGlow division will focus on the niche properties that AOL owns, like AOL Health and TMZ. AOL claims that these sites are what set them apart from their rivals Yahoo and MSN. I suppose they gave up on trying to catch Google.

EVP, and now MediaGlow President, Bill Wilson says: