Myspace | featured news

Twitter’s number of monthly unique visitors finally surpassed that of MySpace in August. Though it ranked third among social networking sites, Twitter ranked #50 in the list of top 50 properties overall. The numbers were crunched by the marketing research firm comScore.

Google is set to renew its search deal with MySpace at a more “realistic” price than the $900 million guarantee it paid out four years ago, Kara Swisher reported yesterday.

The category of News Corp's business that includes MySpace lost $174 million in the fourth quarter, worse than the $136 million it lost in the same period last year, the parent company said on its earnings call this morning.

Facebook has more users than ever, says comScore. With its most recent privacy backlash seemingly behind it, Facebook surged ahead to a new traffic record in the U.S. during the month of June. According to comScore, the social network pulled in more than 141 million unique visitors in the U.S. during the month, beating its previous record (set in May) by better than 11 million.

After just four months on the job, co-president Jason Hirschhorn is leaving the struggling social networking site, MySpace. The other co-president, Mike Jones, will now lead the company. Hirschhorn confirmed his departure on Twitter.

MySpace has launched a new initiative to invite social game developers like Playdom, Zynga

Just when you thought teens had enough ways to connect to Facebook and Myspace, along comes Microsoft with their new line of socially focused phones the Kin One and the Kin Two.

Microsoft unveils a phone called "Kin" which the firm says has been made for those who live their lives online.

The social networking site plans to return to its roots by pushing entertainment content and jettisoning portal-like features. In a last-ditch effort to revive struggling MySpace, owner News Corp. has adopted a new strategy that it hopes will give the site's millions of users a reason to keep coming back.