In an unexpected about-turn, the social network which effectively stole MySpace’s thunder has helped the beleaguered site attract some new users during its latest revamp, orchestrated by its new owners, Specific Media and Justin Timberlake.
According to MySpace’s chief operating officer, Chris Vanderhook, the site has grown for the first time in years, having attracted one million new users in the last two months. He attributed the majority of the new growth to “integration with Facebook and Twitter”.
The site has now repositioned itself as a music player and socially-driven music discovery …

Facebook’s Feb. 1 filing for a $5 billion initial public stock offering has the potential to give the world’s biggest social network a market capitalization that would put it in the same rarified league as Google and Apple. The question is whether its future growth and financial performance will keep it there.
Facebook filed for a $5 billion initial public offering (IPO) Feb. 1, claiming to make $3.7 billion in annual revenue, $1.8 billion in operating income and $1 billion in net income.
With some 845 million users, Facebook may not have …

WikiLeaks founder Julian Assange announced that he will be hosting a ten-part series of TV interviews with “key political players, thinkers and revolutionaries” on an English-language Russian TV network that has been accused of spreading anti-U.S. propaganda.
The show, which launches in March, will air on Russia Today, or RT, a Kremlin-run group of news channels that has been criticized by a wide range of Western media outlets, from the Economist to the Guardian, for allegedly airing pro-Putin and anti-U.S. propaganda, as well as conspiracy theories.
“This is an exciting opportunity to …

On an average day, you watch 4 billion videos on YouTube. And the next day? You watch 4 billion videos on YouTube. That’s a 25% increase over the number of daily video views just eight months ago, and it shows what kind of immense numbers we can see when a popular Web destination becomes even more popular.
It’s kind of amazing — and kind of frightening.
When it comes to how much video people are uploading to the site, the numbers are also mind-boggling: YouTube reports that 60 hours of video is …

The Stop Online Piracy Act, or SOPA, would expand the ability to fight online trafficking of copyrighted intellectual property. The Protect Intellectual Property Act, or PIPA, is another measure whose goal is to increase government power to curb access to websites that do not comply with standards. The problem of stealing intellectual property and protecting property on the internet is important in our free markets. Censorship, increased government intervention and interference in our most important growth industry today, technology, would be a disaster. SOPA would make it impossible to advertise …