myspace

MySpace, now owned by Specific Media and armed with a celebrity marketing strategy, may yet challenge other social media, if it can withstand the challenge from internet-search giant Google’s Google+.

Facebook Inc., the popular social media platform, is expected to earn more than $1 billion in advertising revenue.

In light of Facebook’s recent change in privacy policy, Sen. Charles Schumer urged the Federal Trade Commission (FTC) to come up with a set of guidelines for social networking sites like Facebook, Twitter, and Myspace.

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