Now Myspace slashes overseas staff

(By Richard Holway 8.00pm 23rd June 09) Further to my piece last week – Myspace cuts US staff by a third - Myspace has announced further cuts in its international operations this time. Over 2/3rd of its overseas staff are to lose their jobs (See FT Myspace slashes overseas staff numbers) Although it looks like London will remain as one of a smaller number of regional hubs.

It’s rare that Murdoch (News Corp bought Myspace for $580m in 2005) is trounced by a much smaller competitor (as today’s news that Setanta has gone into liquidation shows only too well) But Facebook has become (almost) the defacto standard in consumer-based social networking. But even FaceBook is having difficulty producing a viable revenue model

I’ve said it before and I’ll say it again, Microsoft should buy FaceBook and use it as its consumer portal to the Microsoft Cloud