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[Weekly Wrapup] Wanna buy MySpace?; Tweets Hit Techmeme

MySpace Is For Sale

Big news:  MySpace still exists.  No, I’m not kidding.  And they’re for sale.

Parent company News Corp. has admitted that they are considering selling MySpace, just a day after announcing massive layoffs affecting nearly 50% of their staff.  “News Corp. is assessing a number of possibilities including a sale, a merger and a spinout,” spokesperson Rosabel Tao told Bloomberg.  News Corp. bought MySpace in 2005 for $580 million, but the site has been declining dramatically and it has proven unsustainable.  It was one of the first large social networking sites, but it was quickly overtaken by Facebook.  MySpace recently tried to make a comeback by redesigning the site and calling themselves “the leading social entertainment destination powered by the passion of fans.”  MySpace was originally cool because it gave musicians a place to hang out virtually and share music.  The redesign is probably an attempt to recapture that initial appeal.  But their 65 million users simply fail to compare to Facebook’s 600 million users.  If News Corp. wants to sell, they need to sell now.

Tweets Hit Techmeme, Blogging Officially Dies

Tech news aggregator Techmeme has announced that tweets can now become headlines or discussion posts on the site.  This is yet another indicator that Twitter is becoming a mainstream source of news and information, which is a big step forward for Twitter as a company.  But could it also be an indicator that blogging is dead?

I sure hope not.  But a blog aggregator full of arbitrary tweets sounds like a recipe for disaster in the blogging community.

Techmeme says tweets are not taking over the site; they are going to be tactfully blended with the other types of headlines:

Since 2007 I’ve been asked about 200 times about whether we would introduce a “Techmeme for tweets,” i.e. a Techmeme made up of just tweets. My answer for this has always remained “no”. Any news site aiming for a certain level of comprehensiveness can’t limit itself in such an arbitrary way. Most of the time, the best headline for a story, and the best link for a story is, well, a story, not 140 characters. But omitting tweets from Techmeme wasn’t the best approach either. We believe a mix of blog posts, articles, and a smattering of tweets (plus other new forms of content), is the best way to distill what’s happening right now in technology. We hope you’ll agree, enjoying Techmeme all the more, and will maybe even contribute something to Techmeme now that it requires only 140 characters.

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