Posts
Wall Street sees September rate cut as sure thing — CPI inflation data will
have much to say about what comes next
-
Stock-market bulls are counting on Federal Reserve rate cuts. Inflation
data still has a lot to say about what policymakers can deliver.
2 hours ago
"The numbers tell an amazing story of strong momentum and dramatic change for Myspace," said Tim Vanderhook, CEO of Myspace. "And the 1 million-plus new user accounts we've seen in the last 30 days validates our approach."
ReplyDeleteA team of investors bought out Myspace in June for the fire-sale price of $35 million. Rupert Murdoch's News Corp. paid (many would say overpaid) $580 million for it in 2005.
The new owners, most notably pop star/actor Timberlake, have effectively stopped trying to compete with Facebook and other social sites, instead focusing on Myspace's superior platform for posting and listening to music.
Monday's release from Specific Media credited the site's new music player, with access to more than 42 million songs, as offering the Web's biggest collection of free music.