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News Corp. isn’t ready to pull the plug on MySpace just yet, but it is prepared to cut the cord. CEO Mike Jones told employees yesterday that the media conglomerate is “exploring strategic options” for the past-its-prime social network. That could mean a sale, a merger (Yahoo could be a candidate) or a spinoff. The last scenario is the most likely, reports The Wall Street Journal.

Facebook CEO Mark Zuckerberg toured the offices of China's top search engine Monday during a visit that has sparked speculation the social networking magnate is looking for business opportunities in the world's largest Internet market.

Facebook founder and CEO Mark Zuckerberg has been named Time magazine's "Person of the Year" for 2010.

But the Yahoo CEO's feisty personality was on display at the tech confab Tuesday.

AOL's earnings more than doubled amid gains from asset sales, though ad revenue dropped 27%. CEO Armstrong said AOL is on the path to recovery, with much of the revenue declines "self-inflicted."

Rose went on to give a pretty detailed overview of his experiences so far . The role seems to be taking its toll, the words “nightmare” and “stressed” cropped up a couple of times but he does also say it “feels really good.”

Facebook founder Mark Zuckerberg went in front of the world's media this morning and grudgingly announced roll backs on some of the biggest and most controversial changes to the site's privacy settings made since December. The default setting for most content published on Facebook has not changed. It remains public, unlike the private nature of the site when hundreds of millions of people signed up, but control over a few key settings are now being shifted back into the hands of users.

Most everyone in Silicon Valley and on Wall Street agrees: The eventual IPO of social-networking site Facebook could make its founder the world's richest 25-year-old. Yet CEO Mark Zuckerberg seems intent on deferring that multibillion dollar payday.

AOL won't officially become an independently traded company again until December 10 when CEO Tim Armstrong is scheduled to ring the bell on the floor of the New York Stock Exchange.

The move was the latest sign that the longtime allies in the computer world are beginning to compete for business.