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It's pretty much a sinking ship at this point, with parent News Corp. reporting that the Bev Hills-based social networking site had a loss of $156 million in the second quarter, $31 million worse than last year. The results, due to lower search and ad revenue, were worse than company expectations. As has been reported for some time, the plan is to sell MySpace. During the conference call (via All Things Digital), News Corp. COO Chase Carey said there are ongoing talks
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Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.